According to a post on the X platform by FixedFloat, a Bitcoin Lightning-based exchange, the service experienced a security breach leading to unauthorized transactions and financial losses.
FixedFloat, a company providing exchange services of various cryptocurrencies, with the use of the Bitcoin Lightning network to increase the speed of transactions, reported the event, after noticing some of the suspicious activities where more than 3 million United States dollars were sent out of the exchange. This incident points out a troubling repeat of security issues for FixedFloat after a similar occurrence in the same year.
Security Breach Details
CertiK, which is a security firm, was the first to notice these transactions, stating that the funds were transferred in ether (ETH) and tether (USDT) to wallets on the Ethereum and Tron networks.
The transactions’ row pattern resembled the attack that FixedFloat had suffered on February 16, which inferred a potential weakness in the system or
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