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Home»ADOPTION NEWS»FixFloat appears to have been exploited for $26.1 million in Bitcoin and Ethereum.
ADOPTION NEWS

FixFloat appears to have been exploited for $26.1 million in Bitcoin and Ethereum.

By Crypto FlexsFebruary 18, 20242 Mins Read
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FixFloat appears to have been exploited for .1 million in Bitcoin and Ethereum.
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Posted 1 minute ago In ~

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%
Via blockchain, the exchange confirmed the suspicious movement of 409 Bitcoin ($21.17 million). this address. more Ethereum ETH

+1.34%
There was a similar movement of 1,728 ether ($4.85 million). This address.

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.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

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

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