FixedFloat Hacked and Funds Stolen
On Feb. 18, the FixedFloat team confirmed that their platform was hacked and funds were stolen. The team acknowledged the hack in response to a post revealing the exploiter’s address. However, they did not provide any further details and stated that they are currently working to improve security and investigate the incident. As of Feb. 19, there were no new updates on the FixedFloat website or account.
Another DEX Exploit
Blockchain security firm PeckShield reported on Feb. 19 that around 1,728 ETH worth approximately $4.85 million and 409 BTC worth around $21 million were stolen in the attack. The hacker has already transferred most of the stolen Ethereum to the eXch exchange.
FixedFloat is a crypto exchange powered by the Bitcoin Lightning network that allows for automated crypto swaps without user registration or KYC verification. According to web3 threat researcher ‘Officer’s Notes,’ the FixedFloat Drainer also transferred stolen funds to HitBTC in addition to eXch deposits. It is theorized that this may be an attempt to confuse the trail of the stolen funds.
Crypto Exploits Continue
There have been several large crypto exploits and hacks this month, according to the De.Fi Rekt database. PlayDapp lost $32 million in an access control exploit on Feb. 9, while Duelbits suffered a similar exploit resulting in a loss of $4.6 million on Feb. 13.
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