FixedFloat Allegedly Exploited: Bitcoin and Ether Losses Estimated at $26.1 Million

By Theon Barrett Feb 18, 202446Views

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FixedFloat Exchange Reports Suspicious Movement of Cryptocurrency

The FixedFloat cryptocurrency exchange has reported a suspicious movement of 409 bitcoin (worth $21.17 million) and 1,728 ether (worth $4.85 million) to separate addresses on the blockchain. The exchange has switched its service to maintenance mode due to minor technical problems, but it has not confirmed the extent of the exploit. FixedFloat is a non-custodial exchange that offers automated cryptocurrency exchanges and supports the Bitcoin Lightning Network. In August 2022, the exchange helped seize $200,000 of stolen ether from the decentralized exchange Curve. The contact system on FixedFloat’s website is currently down, making it impossible to reach out for further comment.

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Theon Barrett

Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats. Theon's work serves as a guiding light for both experienced enthusiasts and newcomers, providing well-researched perspectives that empower informed decision-making in the ever-evolving realm of cryptocurrencies.