Performances
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.82% | 2.24% | 2.54% | 22.27% | 72.09% | 28.99% |
Comparison
Fundraising not disclosed
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| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
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About IoTeX
IoTeX, a DePIN modular infrastructure platform, has traversed key milestones with lasting impact. In 2023, it achieved full MiCA compliance across all 27 EU member states, marking a regulatory landmark for Web3 infrastructure. A critical turning point occurred in 2024 when the ioTube cross-chain bridge suffered a private key breach, leading to ~$4.3M in asset theft. IoTeX responded by rapidly freezing 86% of minted tokens, resuming mainnet within 48 hours, and committing to 100% user compensation. It also launched a claims portal, offered a 10% white-hat bounty, and introduced multi-signature and time-lock controls to decentralize bridge governance. These actions not only restored trust but also strengthened its security framework. The subsequent lifting of Upbit's trading warning further validated its resilience and compliance efforts, solidifying IoTeX's position as a robust DePIN platform.
Positive:
- ioTube incident aftermath: Claims portal launched in March, 100% compensation promised for affected users, paid by the foundation in stablecoins; DAXA investment warning lifted, Korean exchanges resumed deposits/withdrawals; IIP-56 passed, permanently deprecating CIOTX.
Negative:
- In late August, Coinbase announced it would halt IOTX trading on September 23, with the order book already in limit-only mode; Trust Wallet will also remove the IoTeX network from its standard view on September 15, reducing trading and access channels.
No substantive updates on buyback/burn, revenue, or unlocks.
IoTeX co-founders and core executives:
Raullen Chai (Co-founder & CEO): Ph.D. in Computer Science from National University of Singapore, former Research Scientist and Engineering Manager at Facebook, specializing in cryptography and blockchain. He leads IoTeX's overall strategy and vision.
Jing Sun (Co-founder): With over 13 years in tech investment and ecosystem building, she has led 60+ investments in blockchain, security, and IoT. She heads operations and investment at IoTeX, driving the MachineFi ecosystem.
Qevan Guo (Co-founder): Previously an Analyst at Temasek Holdings, he brings deep expertise in emerging markets and infrastructure. He focuses on building decentralized physical infrastructure networks (DePIN) and strategic partnerships.
IoTeX recently experienced a team change: Aaron Basi, who served as Head of Product since May 2022, departed in April 2026. His departure marks a key leadership transition in the product division, potentially impacting the platform's DePIN modular infrastructure roadmap and product strategy.