FixedFloat Exchange Hacked with Losses Amounting to $26.1 Million
FixedFloat exchange has recently fallen victim to hackers, incurring total estimated losses of $26.1 million.
After detecting a series of suspicious transactions, the exchange was forced to switch to maintenance mode and has yet to resume operations.
On the Bitcoin network, 409 BTC (equivalent to $21.17 million) were siphoned off to the address "bc1q...ad4e5." On the Ethereum network, 1,728 ETH (equivalent to $4.85 million) were withdrawn to the wallet address "0x85...Fa085."
FixedFloat has confirmed the technical breach and announced that it is expediting the investigation process to restart its services as soon as possible.
Hello,
— FixedFloat⚡️ (@FixedFloat) February 17, 2024
We encountered some minor technical problems and have switched our service to maintenance mode. Unfortunately, the exact recovery time frame is not yet known, but we are doing everything possible to speed up this process. We hope that the service will be available again…
FixedFloat is a decentralized exchange focusing on automated cryptocurrency exchanges. The exchange currently supports services on the Bitcoin Lightning Network.
In August 2022, FixedFloat assisted in recovering $200,000 (in ETH) that was stolen from Curve Finance's platform.
