FixedFloat appears to have been exploited for $26.1 million in bitcoin, ether
Quick Take Unusual transaction activity suggests crypto exchange FixedFloat was exploited across multiple blockchains. The exchange remains down for maintenance.
Crypto exchange FixedFloat appears to have been exploited for $26.1 million in bitcoin and ether, according to on-chain data. Since the unexpected fund movements, the exchange has been put into maintenance mode and remains down.
On the Bitcoin BTC -0.01% blockchain, the exchange has seen a suspicious movement of 409 bitcoin ($21.17 million) to this address . Over on Ethereum ETH +0.76% , there was a similar movement of 1,728 ether ($4.85 million) to this address .
On X, the exchange said , "We encountered some minor technical problems and have switched our service to maintenance mode."
The exchange has not confirmed the extent of the exploit and its website says, "Technical work is underway, we will be back soon."
FixedFloat is a non-custodial exchange that provides an automated way of exchanging cryptocurrencies. The exchange offers support for the Bitcoin Lightning Network.
In August 2022, the exchange helped seize $200,000 of ether that was stolen from the decentralized exchange Curve.
We have been unable to contact the exchange for comment as the contact system on its website remains down.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Demand for mining equipment has skyrocketed in Russia
FIFA and Mythical Bring “FIFA Rivals” to Polkadot
FIFA, the world’s biggest name in football (or soccer as Americans call it), has partnered with Mythical Games to create an exciting new mobile game called FIFA Rivals
241126: Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell Wall
After a prolonged downtrend relative to bitcoin (BTC), Ethereum's ether (ETH) is showing signs of a resurgence. ETH, the second-largest cryptocurrency on the market, gained over 4% in the past 24 hours, while BTC lost 1.5% during the same time, dipping below $95,000 during the Monday session. The o
Why Qubetics Could Be the Best-Performing Coin in November 2024 And How It Stands Up Against Near Protocol and Avalanche