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IoTeX reported a hack with losses of $2 million, disputing estimates of $4.3 million. The attacker drained assets including USDC, USDT, IOTX, PAYG, WBTC, and BUSD, swapping them for ETH and minting 111 million CIOTEX tokens. The chain was paused for security upgrades, with operations expected to resume in 24-48 hours. Exchanges and law enforcement are working to freeze stolen funds.
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