FixedFloat Cryptocurrency Exchange Hacked for $26 Million

The team at cryptocurrency exchange FixedFloat has confirmed a hack resulting in losses of at least $26 million in Bitcoin and Ethereum.  

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⚡️ (@FixedFloat) February 18, 2024

“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,” the statement said.

Since February 17, some platform users began reporting suspended transactions and missing assets. Initially, FixedFloat attributed these issues to technical problems. 

More evidence fyi pic.twitter.com/Naj7vgxXkr

— Officer’s Notes (@officer_cia) February 18, 2024

According to on-chain data, the attackers withdrew 409 BTC ($21.4 million at the time of writing) and 1728 ETH ($5 million).

FixedFloat is a non-custodial exchange that offers automated cryptocurrency exchanges without registration or KYC procedures. According to SEMrush, the largest share of traffic to the platform comes from the United States (22%), the United Kingdom (9%), and France (8%).

The exchange’s website currently displays a notice about technical work. The support service declined to comment on the incident.

Earlier reports from PeckShield indicated that the crypto industry suffered losses of $2.61 billion from hacks and scams in 2023. Read more.