FixedFloat Losses $26M in an Exploit
On-chain data suggests that the decentralized cryptocurrency exchange FixedFloat has been targeted by attackers, resulting in at least $26 million worth of Bitcoin and Ether being stolen.
This news was first reported on X (formerly Twitter), and the exchange team confirmed the attack a few hours later.
Initially, the team claimed that the significant outflow of funds was due to technical difficulties and put their services in maintenance mode.
However, since February 17, multiple users have reported missing funds and frozen transactions on X. On February 18, it was revealed through on-chain data that more than 400 Bitcoin (approximately $21 million) and over 1,700 Ether (almost $5 million) were drained.
At this time, it is unclear how the attack was executed. The exchange’s team is said to be looking into the security breach: “We can confirm that there was a hack and funds were stolen.
We are unable to comment at this time as we are actively working to address any potential vulnerabilities, improve our security, and conduct a thorough investigation. We hope to have our services back up and running soon.
More information will be provided in the coming days.” Currently, the exchange’s website displays an error message on every page.
