FixFloat Exchange Reports Major Hack, Loss of Millions in Bitcoin and Ethereum

FIXED FLOAT banner and a hooded hacker

Cryptocurrency exchange FixFloat has disclosed a significant hack resulting in the loss of 409 Bitcoin (approximately $21.17 million) and 1,728 ETH (approximately $4.85 million). The stolen funds were transferred to suspicious addresses, prompting concerns over the platform’s security. While FixFloat confirmed the breach on Twitter, they have yet to provide detailed information, stating that they are actively working to address vulnerabilities and enhance security measures. Despite the setback, the exchange assures users that their service will soon be operational again, promising further updates on the investigation in due course.

Millions Lost in Breach

Coin exchange FixFloat has reportedly fallen victim to a hack, resulting in the loss of 409 Bitcoin (approximately $21.17 million) and 1,728 ETH (approximately $4.85 million). The stolen funds were transferred to suspicious addresses, raising concerns about the security of the platform. The exchange, acknowledging the breach, has assured users that they are actively addressing the situation and enhancing security measures to prevent future incidents.

Working to Secure Platform

In a Twitter post by the company, FixFloat confirmed the hack and theft of funds, indicating that they are currently focused on identifying and addressing all potential vulnerabilities within their system. The exchange stated that they are working diligently to improve security measures and conduct a thorough investigation into the incident. Despite the setback, FixFloat assured users that their service will be available again soon.

Hello,

We confirm that there was indeed a hack and theft of funds. We are not yet ready to make public comments on this matter, as we are working to eliminate all possible vulnerabilities, improve security, and investigate. Our service will be available again soon.

We will…

— FixedFloat⚡️ (@FixedFloat) February 18, 2024

Persistent Hack Threats

While the exchange has not provided detailed information regarding the hack, they have promised to release further updates on the matter as soon as possible. The incident underscores the persistent threat of security breaches within the cryptocurrency industry and highlights the importance of robust security measures for both exchanges and users alike.

Author: Progdasprince

With flair for clarity and passion for crypto, Progdasprince holds some cryptocurrencies.