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Read more: FixedFloat Reviews: Lightning Cryptocurrency Exchange
The attacker of the FixedFloat hack, identified by the Ethereum network address 0x85c4, dispersed the stolen Ethers across various addresses before transferring them to the exchange. Similarly, using the address 0bc1q on the Bitcoin network, the same attacker spread the pilfered Bitcoins across multiple addresses without further action.
Acknowledging the FixedFloat hack, the exchange announced it would disclose further details on the incident later. However, the exchange’s website merely cited “minor technical problems,” prompting a switch to maintenance mode. This move left some users unable to complete transactions, with funds reportedly stuck within the platform.
Despite the lack of confirmation on the exploit’s scope, FixedFloat assured users that technical work was ongoing, promising a prompt return to service. Notably, this incident marks a deviation from FixedFloat’s previous involvement in combating cryptocurrency theft. In August 2022, the exchange collaborated in seizing $200,000 worth of Ether stolen from the decentralized exchange Curve.
As the investigation into the FixedFloat hack unfolds, cryptocurrency enthusiasts await updates on the security measures and the potential impact on the exchange’s operations.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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