Ethereum

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<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

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