IoTeX confirms ‘suspicious activity’ involving token safe, says losses contained

TL;DR:

IoTeX said it is assessing suspicious activity tied to a token safe, coordinating with exchanges to trace funds after analysts linked the incident to a possible private key compromise.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence LINK price action and market sentiment in the near term.