July 16, 2024

Reportedly, FixedFloat loses $2.8 million due to another vulnerability.

April 03, 2024
1Min Read

FixedFloat, a decentralized cryptocurrency exchange, is said to have lost millions of dollars in ETH, USDT, WETH, DAI, and USDC due to a hacking incident.

Decentralized exchange for cryptocurrencies It appears that FixedFloat, which was the target of a $26.1 million hacker assault earlier in February, has fallen victim to another vulnerability, which has caused the Ethereum network to lose close to $3 million worth of cryptocurrency.

An unidentified party quickly stole $2.8 million in Ethereum (ETH), Tether (USDT), Wrapped Ether (WETH), DAI, and USD Coin (USDC) from FixedFloat's hot wallet on the Ethereum blockchain, according to data from CyversAlerts. According to reports, the attacker used eXch, a smart contract for token swapping, to make the illegal transactions possible.

FixedFloat has not made any public announcements on the situation as of the time of posting, and technical maintenance is preventing access to the official website.

The most recent event is a successful breach into FixedFloat, which comes after the exchange lost $26.1 million in cash due to illegal access in February due to an earlier attack. The nature of the February breach is still unknown, but the project's creators have minimized the seriousness of such events in the past, referring to the $26 million intrusion as a "minor problem."

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