FixedFloat hacked, lost $26M in Bitcoin, Ether

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Anjali Sharma

GG News Bureau
NEW YORK, 21st Feb.
According to news media reports on Tuesday, crypto exchange FixedFloat has been hacked that resulted in the theft of Bitcoin and Ether worth of $26 million.

The team attributed the massive outflows to “minor technical problems” and put its systems on maintenance, the exchange team confirmed the attack after it was originally reported on X.

FixedFloat said “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,”.

Several users have reported stalled transactions and missing funds on the company’s X page since February 17..

As per on-chain data, over 400 Bitcoin worth $21 million and over 1,700 Ether worth about $5 million were drained on February 18.

FixedFloat’s official website was displaying an error message on all pages.

It is an automated crypto currency exchange that does not require user registration or Know Your Customer verification.

According to SEMrush data, 26 per cent of their site traffic originates from consumers in the US.

In a report by the blockchain intelligence company TRM Labs revealed that threat actors tied to North Korea stole at least $600 million in crypto currency in 2023.

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