Decentralized cryptocurrency exchange FixedFloat has revealed that it was hacked, with the platform losing $26 million worth of Bitcoin (BTC) and Ethereum (ETH).
Blockchain security firms have confirmed that the attacker has already begun laundering funds through multiple crypto exchanges such as eXch.cx and HiTBTC.
FixedFloat Confirms Hack
The team at FixedFloat confirmed the hack on the 18th of February after several blockchain investigators flagged suspicious transactions and movement of funds. In a post on X, the decentralized exchange refused to make a public comment on the matter.
“We confirm that there was indeed a hack and theft of funds. We are not yet ready to make public comments on this matter, as we are working to eliminate all possible vulnerabilities, improve security, and investigate. Our service will be available again soon.”
Users have been reporting stalled transactions and missing funds on the decentralized platform since the 17th of February, posting co
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