- FixedFloat decentralized exchange was hacked.
- The service is temporarily unavailable.
- The damage is estimated at $26 million.
The decentralized crypto exchange FixedFloat was hacked and lost $26 million in crypto assets. The project team confirmed the incident.
The first reports about the likely attack appeared on February 18, 2024. Some users reported problems with transaction processing and accessing the site.
Looks like @FixedFloat just got exploited for 1700 ETH!
Drainer address: 0x85c4fF99bF0eCb24e02921b0D4b5d336523Fa085
Info by: @reprove pic.twitter.com/XHnHy3CFSs
- Officer’s Notes (@officer_cia) February 18, 2024
Initially, they were talking about a probable loss of 1,700 ETH ($4.97 million at the exchange rate at the time of writing). Later, Cyvers experts clarified that the attacker also withdrew 409 BTC (about $21 million).
In addition to the incident on Ethereum, @FixedFloat has been exploited also on Bitcoin, total loss of 409 BTC worth $21M.
FixedFloat drained wallet
bc1qns9f7yfx3ry9lj6yz7c9er0vwa0ye2eklpzqfw
Attacker:
bc1q2skp47p9f5mr4n4m27k66v0l68gh3xdd7ad4e5
- 🚨 Cyvers Alerts 🚨 (@CyversAlerts) February 18, 2024
Judging by the onchain data, the attacker immediately redirected the funds. His wallets are the first and second.
The exchange confirmed the hack, but declined to provide details. They noted that they are working on fixing the vulnerabilities, the site will return to work in the near future.
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
We previously covered Hacken’s expert report on hacks and scams in 2023. The total damage from such precedents amounted to $1.9 billion.
FixedFloat appears in some major hacks as a platform through which attackers withdraw money. This includes, for example, the case of the Duelbits cryptocasino.
