FixedFloat Attack Continues to Occur Related to The February 16 Hack

Key Points:

• FixedFloat attack continues to occur after a breach linked to previous hacking attempts.
• CertiK flags $3 million in suspicious transactions, prompting the exchange’s hot wallet to cease operations and the website to enter maintenance mode.
• FixedFloat prioritizes user security, abstaining from storing funds and collaborating with regulators to fight crypto fraud.

Decentralized exchange FixedFloat faced another attack by hackers linked to the previous February 16 breach, the platform revealed.

Read more: FixedFloat Reviews: Lightning Cryptocurrency Exchange

FixedFloat Attack Continues in Ongoing Security Battle

Despite bolstering security measures, FixedFloat attacks continued but were thwarted, although attackers exploited a vulnerability in a third-party service. While this breach only affects FixedFloat’s liquidity reserves and not user funds, the exchange emphasizes it doesn’t function as a customer service.

CertiK flagged over $3 million in suspicious transactions from FixedFloat within 24 hours. Funds were shifted in Ether and Tether to Ethereum and Tron wallets, respectively, labeled as an “exploit.” Following conversions on a decentralized exchange, assets were moved to eXch exchange, after which FixedFloat’s hot wallet ceased operations, forcing the platform into maintenance mode.

The DEX Prioritizes User Security Amid Crypto Security Concerns

FixedFloat’s website remains inaccessible for “technical work,” with no recent updates on social media. Notably, stablecoin issues have intensified efforts against illicit activities, including freezing addresses linked to hacks like those exploiting Ledger’s Connect Kit library.

Despite the FixedFloat attack, the DEX has actively collaborated with regulatory bodies worldwide to recover stolen funds and fight fraud activities. It reassures users of ongoing investigations while refraining from disclosing specific details due to the probe’s nature.