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FixedFloat appears to have been exploited for $26.1 million in bitcoin, ether
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. 77% blockchain, the exchange has seen a suspicious movement of 409 bitcoin ($21. 17 million) to this address. Over on Ethereum ETH +1. 46% , 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 Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
