tl;dr
In a recent high-profile hack, decentralized finance (DeFi) crypto exchange FixedFloat was targeted by hackers, resulting in the theft of over $26 million worth of Bitcoin and Ethereum. The hacker drained 1700 ETH and siphoned off $21 million worth of BTC, with the stolen ETH primarily sent to an on...
In a recent high-profile hack, decentralized finance (DeFi) crypto exchange FixedFloat was targeted by hackers, resulting in the theft of over $26 million worth of Bitcoin and Ethereum. The hacker drained 1700 ETH and siphoned off $21 million worth of BTC, with the stolen ETH primarily sent to an online exchange called eXchdotch. FixedFloat assured users that their funds were not affected and clarified that it does not function as a custodial service. The exchange's commitment to Lightning Network integration and non-custodial design has resonated with the cryptocurrency community, attracting a loyal user base.
According to the Officer’s Notes, the hacker responsible for the attack drained 1700 ETH from FixedFloat, with the funds subsequently transferred to an address on the Ethereum network. Additionally, the hacker managed to siphon off approximately $21 million worth of BTC. Notably, the stolen ETH was primarily sent to an online exchange called eXchdotch, which employs Thorchain and centralized mixing techniques to obfuscate the origin of the funds. Furthermore, the hacker allegedly attempted to create a false trail by depositing funds into two HitBTC addresses. Still, so far, no concrete link has been established between these addresses and the hacker’s activities. As FixedFloat commemorated its fourth anniversary in 2022, it celebrated a series of notable achievements. With over a million completed orders under its belt, the exchange had attracted a dedicated user base of more than 1,000 customers who engage in transactions daily. The foundation of FixedFloat’s success lies in its commitment to the Lightning Network. By leveraging this network, the exchange enables users to perform transactions off the main blockchain, resulting in significantly faster transaction speeds and reduced fees. One of the features of FixedFloat is its non-custodial design, which sets it apart from many other exchanges. Crypto The daily chart shows the total crypto market cap’s uptrend. Source: TOTAL on TradingView.com
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