Crypto Exchange FixedFloat Suffers Second Security Breach With $2.80 Million Lost
Tuesday, 2 April 2024, 20:30
Crypto Exchange FixedFloat Suffers Second Security Breach With $2.80 Million Lost
FixedFloat suffered another hack, resulting in a $2.8 million loss. Despite this, the crypto exchange reassures users that their assets are secure, thanks to its non-custodial nature.
Crypto Exchange FixedFloat Hacked
FixedFloat's incident, detected on April 2, involved the transfer of various digital assets, including ETH, USDT, WETH, DAI, and USDC, to a dubious address. The compromised hot wallet ceased operations after the transactions.
Security Breaches
- Another security breach at FixedFloat resulted in the loss of $2.80 million.
- An access control issue allowed unauthorized access to the hot wallet.
- Actions taken by hackers post-breach involved swift conversion of assets into ETH and moving funds to another platform.
The company is addressing security concerns and reinforcing its defenses following the breach.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.