FixedFloat allegedly falls victim to another cyber attack, resulting in a loss of $2.8 million.
FixedFloat, a decentralized cryptocurrency exchange, has reportedly fallen victim to yet another hacker attack, resulting in the loss of millions of dollars worth of cryptocurrencies. This comes just weeks after the exchange suffered a $26.1 million hack in February.
According to data from CyversAlerts, an unknown entity managed to steal $2.8 million worth of Ethereum (ETH), Tether (USDT), Wrapped Ether (WETH), DAI, and USD Coin (USDC) from FixedFloat’s hot wallet on the Ethereum blockchain. The hacker utilized eXch, a smart contract for token swapping, to carry out the illicit transactions.
FixedFloat has not yet made any public statements regarding the incident, and their official website is currently inaccessible due to technical maintenance.
This latest breach is another blow to FixedFloat, as they had previously experienced a major hack in February that resulted in the loss of $26.1 million. The details of that attack have not been disclosed, but the exchange’s developers had downplayed its significance, referring to it as a “minor problem.”
It remains to be seen how FixedFloat will address this latest incident and whether they will be able to recover the stolen funds.
