2024

<p class="is-style-lead">Automatic decentralized crypto exchange FixedFloat seemingly suffered a multi-million hacker attack, resulting in a loss of Bitcoin and Ethereum.</p> 
<p>In <a href="https://x.com/FixedFloat/status/1759216185185288653?s=20" target="_blank" rel="noreferrer noopener">an X post</a> on Feb. 18, the FixedFloat team addressed the issue after it was first reported by blockchain researcher @reprove. While the details regarding the nature of the hack remain undisclosed, the developers characterized it as a “minor problem.” Despite this, the acknowledged a loss of at least 1,700 Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>), valued at approximately $4.7 million at the time of writing.</p> 
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   <p lang="en" dir="ltr">, <a href="https://twitter.com/FixedFloat?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@FixedFloat</a> just got exploited/the developer ran away with 1700 ETH yesterday, and the team is calling it "some minor technical problem" — crazy 😂<br><br>Drainer address: 0x85c4fF99bF0eCb24e02921b0D4b5d336523Fa085 <a href="https://t.co/EOS7faWUyP" target="_blank">pic.twitter.com/EOS7faWUyP</a></p>— 0xJosh (@reprove) <a href="https://twitter.com/reprove/status/1759158966414971349?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 18, 2024</a>
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<p> You might also like: <a href="https://crypto.news/north-korean-crypto-hackers-raided-600m-in-2023/"> North Korean crypto hackers raided $600m in 2023 </a> </p> 
<p>The incident has sparked speculation regarding the potential involvement of FixedFloat developers in the theft, with some suggesting that an insider might have been behind the breach. For instance, @reprove hinted at this possibility, implying that a developer could have taken off with the stolen crypto. However, FixedFloat has yet to release any additional statements or updates beyond their initial disclosure.</p> 
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<p>The total sum of the stolen funds might be way bigger, as analysts at blockchain security firm CertiK say the hacker also drained more than $21 million worth of Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>). As per the firm, the funds stolen on <a href="https://crypto.news/tag/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a> have already been transferred through eXch, a smart contract for swapping tokens.</p> 
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   <p lang="en" dir="ltr">Part of the stolen funds(166.1 BTC) on Bitcoin were sent to Samourai Wallet to use Coinjoin transactions. <a href="https://t.co/pro8m9WNXg" target="_blank">pic.twitter.com/pro8m9WNXg</a></p>— Evgenii| BLIN Analytics (@CryptoEvgen) <a href="https://twitter.com/CryptoEvgen/status/1759263615180251301?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 18, 2024</a>
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<p>At the same time, part of the stolen funds in <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin</a> <a href="https://x.com/CryptoEvgen/status/1759263615180251301?s=20" target="_blank" rel="noreferrer noopener">have reportedly been sent</a> to Samourai Wallet to use CoinJoin transactions, a method of combining multiple payments from different spenders into a single transaction as a way of mixing funds.</p> 
<p>Established in 2019, FixedFloat operates as a non-custodial cryptocurrency exchange supporting Ethereum and Bitcoin transactions, including those facilitated through the Lightning Network. Notably, earlier this month, analysts at Forta Network <a href="https://twitter.com/FortaNetwork/status/1754967598100263363?s=20" target="_blank" rel="noopener">found out</a> that FixedFloat had been involved in financing over 23% of flash loan attacks, underscoring the platform’s recent prominence within the crypto ecosystem.</p> 
<p> Read more: <a href="https://crypto.news/hackers-steal-7m-from-breached-gamee-token-contracts-linked-to-polygon/"> Hackers steal $7m from breached GAMEE token contracts linked to Polygon </a> </p>

Crypto exchange FixedFloat reportedly suffers $26m hacker attack

crypto.news

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