Iotrust Detects Unusual Transactions in Decent App; Advises Asset Transfer

Iotrust, a domestic digital asset wallet provider, detected unusual transactions through its own application (app). On the 16th, Iotrust announced via its official X account that "unusual asset movements related to the Decent app wallet have been detected and an emergency investigation is currently underway." Decent is the brand name of Iotrust's digital asset wallet.

Iotrust emphasized that initial investigations suggest the issue is limited to the Decent app wallet. It further stated, "Users holding assets on the Decent app wallet, regardless of amount, are strongly advised to transfer their holdings as soon as possible to a secure hardware wallet or a trusted alternative wallet address if they use the same mnemonic phrase across both the Decent app wallet and hardware wallet." Iotrust added that it will provide further guidance once the cause, scope of impact, and necessary response measures have been confirmed.