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Security Breach: FixedFloat's $26 Million Loss in Exploit

FixedFloat, a leading decentralized cryptocurrency exchange, faced a major exploit, resulting in the loss of $26 million worth of bitcoin and ether.

Users reported issues with frozen transactions and missing funds on Sunday, February 17.

FixedFloat initially claimed minor technical problems but later admitted to the exploit after on-chain data revealed large transfers.

Hackers stole 409 Bitcoins valued at $21 million and over 1,700 Ethereum worth $5 million from the platform.

The method of attack remains unknown, but it appears hackers targeted FixedFloat’s automated system, which does not require user registration or KYC verification.

In the aftermath, some users reported that FixedFloat support had requested their private keys to allegedly return missing funds.

This attack adds to the growing list of exploits targeting cryptocurrency companies.

Top 3 Crypto Casinos with Compatible Crypto Wallets in 2024

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