An unidentified hacker gained access to Fixedfloat, an automated cryptocurrency exchange, and stole about $26 million in Bitcoin and Ethereum. The exchange is looking into the incident and trying to close any potential weaknesses; it has already recognized the hack. Until further notice, Fixedfloat’s platform is still closed.
$26 million in ETH and BTC are lost by Fixedfloat in an exploit
An unidentified party breached Fixedfloat, a controlled, efficient cryptocurrency exchange, and took nearly $26 million worth of cryptocurrency with them. X user 0xJosh broke the story first, saying that the exchange was experiencing “minor technical problems” and had entered maintenance mode as a result of the attack.
In response to multiple users on X who sought assistance with their stalled transactions, Fixedfloat said:
We are making every effort to expedite this process, but the precise recovery time period is currently unknown. We anticipate that the service will shortly be back up and running. We regret any inconvenience this has caused. varanasi bitcoin baap
The blockchain security and auditing company Peckshield subsequently discovered that 409 BTC, worth nearly $21 million, and 1,728 ETH, worth $4.85 million, were taken during the as-yet-unexplained hack. The business further stated that the majority of the stolen Ethereum had already been moved to several Ethereum blockchain exchanges
Following the release of the information, Fixedfloat said that it had been attacked and that it was not yet prepared to address the matter in public. It said, “We are working to improve security, investigate, and eliminate all possible vulnerabilities.”
Additionally, Fixedfloat emphasized that although their platform is still closed as of this writing, it will shortly resume offering its services. Additionally, the exchange has not released a report regarding any potential steps it may take in response to this occurrence, therefore it is unknown if the users whose transactions became stalled will receive reimbursement.
The exchange promised to share additional information about the attack later.
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