The post Fixed Float Exploited for $2.8 Million, Tether Freezes Hacker Addresses appeared first on Coinpedia Fintech News
FixedFloat, the fully automatic crypto exchange, has reportedly been a victim of yet another security breach. The hacker managed to take almost $2.8 million worth of crypto from the Ethereum chain hot wallet, with the platform’s access control issues to be blamed. The hack reported by CyversAlerts has left the exchange’s users bewildered and wondering as they wait for the platform to be sorted.
Here Is What We Know
According to the latest reports, The funds stolen from FixedFloat’s hot wallet went to a suspicious address in the form of Ethereum (ETH), tether (USDT), Wrapped Ethereum (WETH), Dai (DAI) and USD Coin (USDC). The hacker further swapped these funds for Ethereum on decentralized exchanges and later on was transferred to the eXch exchange.
ALERTOur system has detected some suspicious transactions with @FixedFloat!
Approximately 14 hours
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