Ethereum

Bitcoin

Million

Security

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fixedfloat-exchange-suffers-major-hack-with-over-3-million-in-crypto-stolen/" data-wpel-link="internal">FixedFloat Exchange Suffers Major Hack with Over $3 Million in Crypto Stolen</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/bitmex-ceosu-uyardi-3-000-dolar-geliyor" data-wpel-link="internal">Bitcoin</a> Lightning-based exchange <strong>FixedFloat</strong> experienced a hack according to a post on X, leading to financial losses due to unauthorized transactions. The exchange was shaken by the transfer of more than 3 million US dollars’ worth of cryptocurrency out of the exchange. This incident followed another attack in February, indicating a disturbing recurrence of security issues for FixedFloat.</p> 
<h2 style="text-align: justify" id="details-of-the-security-breach">Details of the Security Breach</h2> 
<p style="text-align: justify">Well-known security company <strong>CertiK</strong> was the first to detect these transactions, revealing that funds were transferred to <a href="https://en.coin-turk.com/ethereum-continues-to-fall-whats-next-for-eth-and-altcoins/" data-wpel-link="internal">Ethereum</a> and <a href="https://coin-turk.com/justin-sun-greta-thunberge-1-milyon-dolar-bagis-yaptim" data-wpel-link="internal">Tron</a> network wallets in Ethereum (ETH) and <a href="https://en.coin-turk.com/tether-just-announced-important-decisions-taken-usdt-coin-future/" data-wpel-link="internal">Tether</a> (<a href="https://coin-turk.com/son-dakika-binance-sistemindeki-usdt-hatasi-turk-yatirimcinin-isine-yaradi-fark-yuzde-5" data-wpel-link="internal">USDT</a>).</p> 
<p style="text-align: justify">The sequence of transactions mirrored the attack FixedFloat faced on February 16th, suggesting a potential vulnerability in the system or associated third-party services.</p> 
<p style="text-align: justify">In response to the incident, the exchange’s website was shut down for “technical maintenance,” causing concern among users who were unable to access information for an extended period.</p> 
<h2 style="text-align: justify" id="exchange-s-response-and-measures">Exchange’s Response and Measures</h2> 
<p style="text-align: justify">Following the incident, FixedFloat made a statement detailing the attack and the measures taken to prevent such attacks in the future. FixedFloat reiterated its commitment to improving the security of its infrastructure against such attacks.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-336546" src="https://coin-turk.com/wp-content/uploads/2024/04/fixed-float-site-coin-turk-com.jpg" alt="" width="492" height="240"></p> 
<p style="text-align: justify">In the announcement, FixedFloat stated that the stolen funds belonged to the company’s reserves, and assets held or transacted through the service remained securely stored due to FixedFloat’s non-custodial nature.</p> 
<h2 style="text-align: justify" id="industry-reactions">Industry Reactions</h2> 
<p style="text-align: justify">The incident prompted a comprehensive investigation on the part of FixedFloat. Due to the sensitive and large-scale nature of the investigation, not much information was shared.</p> 
<p style="text-align: justify">Considering the potential issues in security, which is a major trust factor in crypto exchanges, the crypto community and security experts are likely closely monitoring the situation on behalf of the exchange.</p> 
<p style="text-align: justify">Ultimately, the repeated security breaches at FixedFloat raise questions about the adequacy of corrective actions taken after the initial hack.</p> 
<p style="text-align: justify">Meanwhile, attention was also on the <a href="https://en.coin-turk.com/bitcoin-could-rise-above-10000-again-according-to-blockware-ceo/" data-wpel-link="internal">Bitcoin</a> price, which at the time of writing had fallen by 5.83%, trading at $65,650.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/fixedfloat-exchange-suffers-major-hack-with-over-3-million-in-crypto-stolen/" data-wpel-link="internal">FixedFloat Exchange Suffers Major Hack with Over $3 Million in Crypto Stolen</a></h5>

FixedFloat Exchange Suffers Major Hack with Over $3 Million in Crypto Stolen

Table of Contents

COINTURK NEWS

Andre artikler udgivet 2. apr. 2024

Will Bitcoin Price Crash Again to $50,000 Before Bitcoin Halving?

Binance Labs’ Large GMT Token Transfer Causes Market Stir

Is Now the Right Time to Invest in Bitcoin?

How Will Bitcoin (BTC) Move After Its Decline? Will a Rapid Recovery Come? Analysts Shared Their ...

Bitcoin clings to $65K — More losses ahead for BTC price?

Credefi Price Prediction: CREDI Soars 33% As Experts Say This World-First AR/VR Project Might Be ...

Join our free newsletter for daily crypto updates!