Cryptocurrency exchange FixedFloat appears to have been exploited for $26.1 million in Bitcoin and Ethereum, according to on-chain data. Due to unexpected fund movements, the exchange went into maintenance mode and remains down.
to bitcoin BTC
+0.75%
ETH +1.34%
In the exchange said“We are experiencing some minor technical issues and have placed our service in maintenance mode.“
The exchange did not confirm the scale of the attack, and its website states: “Technical work is ongoing. We will be back soon.”
FixFloat is a non-custodial exchange that offers an automated way to exchange cryptocurrencies. The exchange provides support for the Bitcoin Lightning Network.
In August 2022, the exchange helped seize $200,000 of ether stolen from decentralized exchange Curve.
We were unable to contact the exchange for comment as the website’s contact system continues to be down.
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Tim is the editor-in-chief of The Block. Before joining The Block, Tim worked as a news editor at Decrypt. He holds a BA in Philosophy from York University and studied News Journalism at Press Association Training. X Follow him at @Timccopeland