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Fixedfloat, an automatic cryptocurrency exchange, has been hacked by an unknown attacker who siphoned almost $26 million worth of BTC and ETH. The exchange, which has already acknowledged the attack, is investigating the event and working to eliminate all possible vulnerabilities. Meanwhile, Fixedfloat’s platform remains closed until further notice.
Fixedfloat Loses $26 Million in ETH and BTC in Exploit
Fixedfloat, a centralized streamlined cryptocurrency exchange, has been hacked by an unknown group that managed to steal almost $26 million worth of cryptocurrency. The news was first reported by X user 0xJosh, who explained that the exchange had gone into maintenance mode due to this attack and stated it was facing “minor technical problems.”
Answering on X to several users who asked for a solution to their stuck transactions, Fixedfloat stated:
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.
Peckshield, a blockchain security and auditing firm, later found that 1,728 ETH, valued at $4.85 million, and 409 BTC, valued at close to $21 million, were stolen during the still unexplained exploit. The company added that most of the ETH stolen was already transferred to different exchanges on the Ethereum blockchain.
After the news went public, Fixedfloat acknowledged it had been attacked, explaining that it was not ready to make public statements on the subject. “We are working to eliminate all possible vulnerabilities, improve security, and investigate,” it declared.
Fixedfloat also stressed that it would open its services again soon, but its platform remains closed at the time of writing. It is also unknown if the users with stuck transactions will be reimbursed, as the exchange has not provided a report on the possible actions it will take after this incident.
The exchange stated that it would provide more details on the attack at a later date.
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