The post FixedFloat Exchange Issues Statement on Security Breaches and Future Enhancements appeared first on Coinpedia Fintech News
FixedFloat, a leading cryptocurrency exchange service, is pleased to announce its return to full operation following a series of security breaches that occurred in February and March of this year. The incidents, which resulted in the theft of $26.1 million, have prompted the company to take significant measures to enhance its security infrastructure and ensure the safety of its users’ assets.
In February, FixedFloat experienced a major security breach when an attacker exploited a vulnerability in the company’s security structure. Despite immediate efforts to address the weaknesses, the same attacker struck again on March 31.
After thorough analysis, it was determined that the attacker had exploited vulnerabilities in the services provided by Time4VPS, a third-party hosting provider used by FixedFloat.
Time4VPS: A Compromised Partnership
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