Crypto exchange FixedFloat has lost $26 million in BTC and ETH in a hack

Following the exploit, the platform was put into maintenance mode

19.02.2024 - 11:05

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What’s new? Decentralized crypto exchange (DEX) FixedFloat was hacked and lost $26 million. 1700 ETH ($4,85 million at the time of writing) was withdrawn from the platform’s wallets. In addition, Cyvers experts specified that the attackers also withdrew 409 BTC (about $21,17 million).

Source: Twitter.com

What else is known? After the funds were moved, FixedFloat was put into maintenance mode and is still down. The exchange’s team confirmed the hack but declined to provide details. Representatives noted that they are working to fix the vulnerabilities.

Source: Twitter.com

FixedFloat provides an automated way to exchange cryptocurrencies. In addition, the exchange supports the Lightning Network bitcoin payment protocol. FixedFloat does not require users to register and go through a verification (KYC) process.

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