Crypto’s Latest Party Pooper: IoTeX Loses $8M in Glorified Heist

Here’s how the heist went down, why the IoTeX team looks like they’re playing Whac-A-Mole with their reputation, and whether your hard-earned crypto is now safer than a sock in a dryer. Spoiler: It isn’t.
![Silicon photonic crystal cavities exploit subtle shifts in resonant frequency-and linewidth, transitioning from [latex]\kappa_i[/latex] to [latex]\kappa_i'[/latex]-to sense the presence of a sample introduced within the cavity, maximizing perturbative response by positioning the sample at an electric field antinode within the 18.74 mm device, thereby establishing a sensitive relationship between cavity characteristics and material properties.](https://arxiv.org/html/2602.17527v1/x1.png)




