FixedFloat, a decentralized cryptocurrency exchange, has reportedly suffered yet another hacker assault, losing millions of dollars in ETH USDT WETH DAI and USDC.
FixedFloat is a decentralized cryptocurrency exchange that suffered from a hacker attack in February that cost $26.1 million. It has now been subjected allegedly to another exploit resulting in cryptocurrencies worth nearly $3 million being lost on the platform. Ethereum
As per data CyversAlerts reports that a mysterious entity has snatched $2.8 Million worth of Ethereum, Tether, Wrapped Ether, DAI, USD Coin, and USDC from FixedFloat’s Ethereum hot wallet. According to reports, the attacker used eXch, a token-swapping smart contract, in order to conduct illicit transactions.
“The suspicious address promptly swapped these assets into ETH via DEX , before funneling all funds into the eXch exchange. After these transactions, the hot wallet ceased its operations, and the company’s website is currently undergoing maintenance.” CyversAlerts
FixedFloat did not make any statements regarding the issue at the time this report was written, and its official website has been rendered inaccessible by technical maintenance.
Following a similar attack on FixedFloat in February, the latest breach marks another success against FixedFloat. losing $26.1 million This resulted in the unauthorized use of its funds. The specific nature of the breach in February is still unknown, but the developers of the project had downplayed its significance, calling the $26-million hack an “a” “minor problem.”
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Source: crypto.news
