FixedFloat Hack: Stolen $26 Million In BTC & ETH Already Moved
FixedFloat’s recent hack attack that led to $26 Million in BTC and ETH loss has confirmed that the stolen funds were already transferred.
Yesterday, the decentralized crypto exchange FixedFloat was hacked losing around $26 million worth of Bitcoin (BTC) and Ethereum (ETH). According to today’s report, the hackers were already able to transfer most of the stolen Ethereum (ETH).
Details of the FixedFloat Exploit
According to FixedFloat’s X post, the hackers were able to take away a total of 409 Bitcoin (BTC) equivalent to $21.17 million, and a total of 1,728 Ethereum (ETH), or equivalent to $4.85 million yesterday, February 18. Several users reported frozen transactions and missing funds but FixedFloat didn’t confirm it right away, saying that it was merely a “minor technical problem”. Eventually, the platform quickly went into “under maintenance” as the situation further revealed.
“We confirm that there was indeed a hack and theft of funds,” – FixedFloat released in an X post.
As the platform confirmed the said attack, there were no further details provided.
“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.” – FixedFloat
Despite the platform not providing any further details about the investigation, FixedFloat rest assured that they will be releasing an update soon.
“Our service will be available again soon. We will provide details on this case a little later.” – FixedFloat
Meanwhile, blockchain security firm PeckShield reported that the hacker has already transferred most of the stolen ETH funds into eXch exchange and HitBTC. However, FixedFload confirmed that it was a part of their verification process and tried justifying the act by noting that they need private key details to verify XMR transactions on the platform.
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