Coinspeaker
DEX Platform FixedFloat Loses $26M in Bitcoin and Ether Exploit
On-chain data shows that decentralized crypto exchange (DEX) FixedFloat has recently faced an exploit of more than $26.1 million in Bitcoin and Ethereum. This incident reportedly took place over the last Sunday, February 18.
Since February 17, several users have raised complaints about frozen transactions and unaccounted funds on the exchange’s X platform. On-chain data reveals that the attacker siphoned off 409 Bitcoin (BTC) worth approximately $21 million and more than 1,728 Ether (ETH) valued at nearly $5 million on February 18.
Several hours after the incident was initially reported on X (formerly Twitter), the exchange team officially acknowledged the attack. Initially, they attributed the significant outflows to “minor technical issues” and promptly transitioned their services into maintenance mode. However, there’s no clear picture of how the perpetrator managed this attack. In a message on the X
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