FixedFloat has confirmed a hack that resulted in the theft of at least $26 million worth of Bitcoin and Ether.
The hack reflects the growing risks and challenges of on-chain cybersecurity in the crypto industry.
FixedFloat, a decentralized crypto exchange, has confirmed a hack that resulted in the theft of at least $26 million worth of Bitcoin and Ether. Since February 17, a number of users have complained on the exchange’s X page about stalled transactions and funds being lost.
Shortly after it was originally reported on X (previously Twitter), the FixedFloat team acknowledged the attack. When the massive outflows started, the team put its services in maintenance mode and claimed it had “minor technical problems.”
According to on-chain statistics, on February 18, more than 1,728 Ether ETH worth around $5 million and more than 409 Bitcoin BTC worth about $21 million were siphoned off to suspicious addresses. In addition, the exchange’s website is currently displaying an error
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