Ethereum

2024

Bitcoin

PlayDapp

<a href="https://bitcoinworld.co.in/fixedfloat-decentralized-exchange-exploited-for-26m-in-bitcoin-btc-and-ethereum-eth/" title="FixedFloat Decentralized Exchange Exploited For $26M In Bitcoin (BTC) And Ethereum (ETH)" rel="noopener noreferrer nofollow"></a>
FixedFloat decentralized exchange fell victim to a hack, losing at least $26 million worth of Bitcoin (BTC) and Ethereum (ETH).&nbsp;
The attack was initially <a href="https://twitter.com/officer_cia/status/1759192197704933621" rel="noopener noreferrer nofollow">reported</a> on X, and saw FixedFloat attribute massive outflows to technical issues before switching to maintenance mode.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Looks like <a href="https://twitter.com/FixedFloat?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@FixedFloat</a> just got exploited for 1700 ETH!
 Drainer address: 0x85c4fF99bF0eCb24e02921b0D4b5d336523Fa085
 Info by: <a href="https://twitter.com/reprove?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@reprove</a> <a href="https://t.co/XHnHy3CFSs" rel="noopener noreferrer nofollow">pic.twitter.com/XHnHy3CFSs</a>
 — Officer's Notes (@officer_cia) <a href="https://twitter.com/officer_cia/status/1759192197704933621?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 18, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
FixedFloat has not officially confirmed the exploit, however the exchange <a href="https://twitter.com/FixedFloat/status/1759216185185288653" rel="noopener noreferrer nofollow">stated</a> in response:
“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.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@FixedFloat) <a href="https://twitter.com/FixedFloat/status/1759216185185288653?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 18, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The website is under maintenance and is not accessible. User reports emerged on February 17 detailing frozen transactions and missing funds.&nbsp;
Data analysis revealed over $21 million in Bitcoin and nearly $5 million in Ether drained on February 18.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/crypto-gaming-platform-playdapp-lost-290-million-worth-of-pla-tokens-in-two-hack-exploits/" aria-label="“Crypto Gaming Platform PlayDapp Lost $290 Million Worth Of PLA Tokens In Two Hack Exploits” (Edit)" rel="noopener noreferrer nofollow">Crypto Gaming Platform PlayDapp Lost $290 Million Worth Of PLA Tokens In Two Hack Exploits</a>
While the attack method remains unclear, the exchange team confirmed the incident and promised further details after completing an investigation and ensuring security improvements.&nbsp;
The exchange website currently displays an error message across all pages.
Operating as an automated crypto exchange without user registration or KYC verification, FixedFloat attracted primarily US-based users and offered Bitcoin transactions via the Lightning Network.&nbsp;
This lack of centralized control and anonymity, though appealing to some, can heighten vulnerability.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
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The post <a href="https://bitcoinworld.co.in/fixedfloat-decentralized-exchange-exploited-for-26m-in-bitcoin-btc-and-ethereum-eth/" rel="noopener noreferrer nofollow">FixedFloat Decentralized Exchange Exploited For $26M In Bitcoin (BTC) And Ethereum (ETH)</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

FixedFloat Decentralized Exchange Exploited For $26M In Bitcoin (BTC) And Ethereum (ETH)

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