February 21, 2020 IOTA set to relaunch network following security breach.

The IOTA Foundation announced Thursday that it would reactive the IOTA Network by March 2nd. The network was shut down suddenly last week following an attack involving the Trinity Wallet software that resulted in over $2M in losses to users. IOTA is currently working with authorities in several countries to identify the source of the attack and is planning a remediation plan to compensate users.