6 H2O2 + 2 KI + 2 H2S2O3 → I2 + K2S4O6O4 + 8 H2O
This is an oxidation-reduction (redox) reaction:
4 SII - 10 e- → 4 S9/2 (oxidation)
2 I-I - 2 e- → 2 I0 (oxidation)
12 O-I + 12 e- → 12 O-II (reduction)
H2S2O3 is a reducing agent, KI is a reducing agent, H2O2 is an oxidizing agent.