IoTeX offers cross-bridge hackers 10% bounty if they return $4.4 million within 48 hours

CoinDesk Published Updated Cryptocurrency
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Why it matters

IoTeX is offering a 10% bounty to hackers who return $4.4 million stolen in a cross-bridge hack, with the CEO waiving charges if the assets are returned within 48 hours.

Article tone

Neutral How the article is written, as reported by the source.

Expected market reaction

Neutral Confidence 70% How confidence is read Horizon: Short term Impact: Moderate

Market impact analysis based on neutral sentiment with 70% confidence.

Evidence trail

Evidence
Source CoinDesk
Claim IoTeX offers cross-bridge hackers 10% bounty if they return $4.4 million within 48 hours
AI inference Neutral · 70%
Generated 2026-02-23 21:18

AI provenance

Analysed by Llama 3.1 8B Instant (Groq) Methodology v1.0 Generated
Technical identifiers
Provider tag
groq-llama-3.1-8b-instant
Analysis version
groq-llama-3.1-8b-instant
Article id
49151

Original source

Raullen Chai, IoTeX co-founder and CEO, told CoinDesk he would not press charges if the stolen assets or its equivalent is returned within 48 hours.

Read the full article on CoinDesk

Original article published by CoinDesk on February 24, 2026. Analysis and insights provided by AnalystMarkets AI.

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