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IoTeX plans to launch a Token buyback and strengthen exchange Liquidity to address the issue of price abnormal Fluctuation.
[IoTeX plans to initiate a token buyback and strengthen exchange liquidity to address price abnormal fluctuation issues] Due to temporary issues with market makers leading to price anomalies, IoTeX plans to initiate a token buyback project and strengthen exchange liquidity. Previously, an incident involving market makers briefly disrupted trading order, causing its token (IOTX) on the CEX platform to fall to nearly zero levels. Currently, IoTeX has announced that it will launch a token buyback program and reach new liquidity cooperation. In a post released on the X platform (formerly Twitter) on October 13, IoTeX confirmed that the "price zeroing" event occurring from October 10 to 11, 2025, was related to a third-party market maker failure and not due to a protocol vulnerability. The network's core services—including the ioPay wallet, ioTube cross-chain bridge, and DePINscan (data scanning tool)—are all functioning normally, and user funds have not been affected.