Ethereum and Tron transfers raise suspicions on Lightning exchange! 🤔🔥

Unusual Movement of Funds on Lightning FixedFloat Exchange: 3M Transferred to Ethereum and Tron

Recently, reports from security firm CertiK disclosed “suspicious” transactions valued at over 3 million dollars originating from the Bitcoin Lightning-based exchange FixedFloat. The funds were moved to Ether (ETH) and Tether (USDT) wallets on the Ethereum and Tron networks, respectively, labeled as an “exploit” by CertiK.

CertiK detected unusual transactions totaling more than 3 million dollars on FixedFloat
Transfers were made to Ethereum and Tron wallets
Approximately 2 million dollars deposited in eXch and 100k USDT in Binance wallet on Tron

Mysterious Technical Work on FixedFloat’s Website

FixedFloat’s website has been inactive since early April 2nd for supposed “technical work,” with no explanations provided. Social media profiles have remained silent on the withdrawals, and the last update on X dates back to March 31st.

“We have encountered some minor technical issues and have activated technical work mode. At the moment, we cannot provide a precise estimate of the recovery time.”

FixedFloat site declared inactive for “technical work”
No comments on withdrawals or transfer activity
Customer service confirms technical error but offers no details

Previous Breach: $26M Loss on FixedFloat

About a month ago, FixedFloat experienced a security breach resulting in a significant loss of 26 million dollars in Bitcoin (BTC) and Ethereum (ETH). The hacker laundered the stolen funds through platforms like eXch.cx and HitBTC, as confirmed by blockchain security experts.

FixedFloat suffered a breach with a loss totaling 26 million dollars
Hacker started laundering the funds through various cryptocurrency exchanges
Reports of blocked transactions and missing funds on the platform

Recycling of Stolen Funds and Increased Cryptographic Exploits

Following the breach, hackers transferred over 21 BTC and 5 ETH to different exchanges, indicating a common trend of recycling stolen funds. Despite security measures, hackers continue to exploit vulnerabilities, impacting platforms like FixedFloat and others like PlayDapp and Duelbuts.