FixFloat Crypto Exchange Hacked for $26 million

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The team of the FixFloat cryptocurrency exchange confirmed the hack, which resulted in losses of at least $26 million in bitcoin and Ethereum.

Hello,

We confirm that there was indeed a hack and theft of funds. We are not yet ready to make public comments on this matter, as we are working to eliminate all possible vulnerabilities, improve security, and investigate. Our service will be available again soon.

We will…
— FixedFloat (@FixedFloat) February 18, 2024

"We confirm that hacking and theft of funds really took place. We are not yet ready to make public comments on this issue, as we are working to eliminate all possible vulnerabilities, improve security, and conduct an investigation, " the report says.

Since February 17, some users of the platform have started reporting suspended transactions and missing assets. FixFloat initially cited technical issues.

More evidence fyi pic.twitter.com/Naj7vgxXkr
— Officer's Notes (@officer_cia) February 18, 2024

According to on-chain data, the attackers have withdrawn 409 BTC ($21.4 at the time of writing) and 1,728 ETH ($5 million).

FixFloat is a non-custodial exchange that provides automated cryptocurrency exchange without registration and KYC procedures. According to SEMrush, the largest share of traffic to the site comes from the United States (22%), the United Kingdom (9%) and France (8%).

On the exchange's website, there is a stub about technical work. The support service declined to comment on the incident.
 

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FixFloat crypto exchange became a victim of hacking and lost about $2.8 million.

The decentralized cryptocurrency exchange FixFloat was the victim of a repeated exploit, as a result of which about $2.8 million was withdrawn from its hot wallet.

CyversAlerts analysts reported that about half a day ago, unknown attackers transferred $2.8 million from the FixFloat wallet on the Ethereum blockchain to an unknown address. This suspicious account then received an additional amount of funds in ETH, USDT, WET, DAI, and USDC.

To avoid asset freezes on the part of issuers, USDT and USDC stablecoins were quickly converted to ether via the services of several decentralized exchanges. After that, all the assets went to the eXch exchange. Now the attackers wallet has been reset to zero, and the FixFloat exchange's website has been put into maintenance mode.

This incident is not the first security breach that FixFloat has encountered. In February, the platform was hacked into system access controls, resulting in about $26 million in damage to the exchange.
 
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