Bitcoin

Ethereum

Two significant security breaches have been reported, leading to substantial financial losses. <a href="https://alert.peckshield.com/" rel="noopener noreferrer nofollow">PeckShieldAlert</a> reported the sophisticated phishing attack targeting an Ethereum address (0x080f…A658). The attackers successfully deceived the wallet’s owner, resulting in a loss of approximately 170 million $Hold tokens. The stolen tokens are valued at around $47,700.<h2 id="header-0">Major Hack on FixedFloat</h2>In a separate and more devastating security breach, the cryptocurrency exchange service FixedFloat fell victim to a hacking incident. The attackers managed to exfiltrate roughly 1,728 Ethereum (ETH) and 409 Bitcoin (BTC), with the stolen assets amounting to nearly $25.85 million. The compromised ETH, valued at approximately $4.85 million, and the Bitcoin, worth about $21 million, represent a significant loss to the service and its users. Further compounding the issue, the perpetrators have already initiated the transfer of most of the stolen Ethereum to another exchange on the Ethereum network, complicating recovery efforts.These incidents serve as a stark reminder of the vulnerabilities associated with digital currencies and the platforms that facilitate their exchange. Phishing attacks exploit human error, often leading to substantial financial losses. Meanwhile, the hacking of FixedFloat highlights the technical vulnerabilities that can be exploited by determined attackers.An exchange representative on X responded to these instances by saying, “We encountered some minor technical problems and have switched our service to maintenance mode.”The exchange’s website states, “Technical work is underway, we will be back soon,” but it has not disclosed the scope of the attack. FixedFloat is a non-custodial cryptocurrency exchange that offers automated cryptocurrency trading. The Bitcoin Lightning Network is supported by the exchange.The exchange assisted in the seizure of $200,000 worth of ether that was taken from the decentralized exchange Curve in August 2022.The exchange’s website’s contact form is still down, therefore we have been unable to get in touch with them for a response.

Over $21M in Crypto Stolen in Two Separate Incidents

Table of Contents

BlockchainReporter

Other articles published on Feb 19, 2024

Polygon’s Price Breaks Crucial Resistance: MATIC Eyes $2 Next

North Korean Hackers Exploit AI for LinkedIn Scams

Anonymous looping $120m Ethereum (ETH) traders buy Kelexo (KLXO) presale as 30x being now seen as...

SEC Chairman Gary Gensler Confronts Criticism from Traders and Crypto Leaders

Unraveling the Mystery Behind XRP Price Underperformance: Insights from Ripple’s CTO

Binance Futures to launch ORDI perpetual contract

Join our free newsletter for daily crypto updates!