Cryptocurrency Exchange Fixedfloat Reportedly Hacked, Nearly $26 Million in BTC and ETH Lost

Cryptocurrency Exchange Fixedfloat Reportedly Hacked, Nearly $26 Million in BTC and ETH Lost

Fixedfloat, an automatic cryptocurrency exchange, has reportedly fallen victim to a hack, resulting in the loss of nearly $26 million worth of BTC and ETH. 

The exchange has acknowledged the attack and is currently conducting an investigation while actively addressing potential vulnerabilities. As a precautionary measure, Fixedfloat’s platform is temporarily offline until further notice.

Fixedfloat Loses $26 Million in ETH and BTC in Hack

Fixedfloat, a centralized streamlined cryptocurrency exchange, has been targeted by an unidentified group, leading to the theft of approximately $26 million worth of cryptocurrency. 

Initial reports of the incident surfaced from X user 0xJosh, who noted that the exchange had entered maintenance mode following the attack, citing “minor technical problems.”

Responding to inquiries from users regarding stalled transactions on X, Fixedfloat indicated:

“Unfortunately, the exact recovery time frame is not yet known, but we are doing everything possible to speed up this process. We hope that the service will be available again soon. We apologize for the inconvenience caused.”

Subsequently, Peckshield, a blockchain security and auditing firm, determined that 1,728 ETH, valued at $4.85 million, and 409 BTC, worth close to $21 million, had been illicitly obtained in the exploit, with the majority of the stolen ETH already transferred to various exchanges on the Ethereum blockchain.

Following the public disclosure of the breach, Fixedfloat confirmed the attack, stating that it was not yet prepared to release further information. “We are working to eliminate all possible vulnerabilities, improve security, and conduct a thorough investigation,” the exchange announced.

Fixedfloat reassured users that its services would resume in the near future, although its platform remains offline at present. 

The exchange has not provided details regarding potential reimbursements for affected users or outlined its post-incident response strategy.

Further updates on the attack are expected to be provided by Fixedfloat at a later date.

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