According to online data shared by the community, cryptocurrency exchange FixedFloat was hacked last night, resulting in the theft of a total value of $26.1 million in Bitcoin (409 coins) and Ethereum (1,728 coins). Since the funds were transferred, the exchange has entered maintenance mode and remains closed.
Initially, FixedFloat did not admit to being hacked, only stating that the platform was experiencing some technical issues and was being repaired.
However, more and more online data has been uncovered afterwards, forcing the trading platform to admit the occurrence of the hacker attack and fund theft. They stated that the platform is working hard to eliminate all possible vulnerabilities, enhance security, and conduct a thorough investigation. A report on the incident will be released soon.
FixedFloat is a non-custodial exchange, different from traditional custodial exchanges. It does not hold or control user funds. In a non-custodial exchange, trades are conducted directly between users, with the exchange acting as a platform for matching and executing trades. Additionally, due to the lack of KYC requirements, the platform is often used by users or hackers to hide financial flows.
