The crypto exchange team confirmed the attack on Feb. 18, a few hours after the first reports emerged on X (formerly Twitter).
Decentralized crypto exchange FixedFloat has been exploited for at least $26 million worth of Bitcoin and Ether, according to on-chain data.
The exchange team confirmed the attack a few hours after it was first reported on X (formerly Twitter). The team initially attributed the massive outflows to “minor technical problems” and switched its services to maintenance mode.
Since Feb. 17, a number of users have reported frozen transactions and missing funds on the exchange’s X page. On-chain data shows that more than 400 Bitcoin (BTC) worth around $21 million and over 1,700 Ether (ETH) worth nearly $5 million were drained on Feb. 18.
