The exchange is experiencing its second attack in 2 months.
The FixedFloat project team has revealed information about the second platform security breach, which is caused by the same cybercriminals as the attack in February.
On April 1, attackers exploited a vulnerability in the FixedFloat security system, withdrawing $2.8 million. The developers indicated that the theft affected only funds intended for the operational liquidity of the platform, without affecting users.
Confirmation of the hack came from Cyvers analysts, who drew attention to a suspicious transaction originating from the FixedFloat hot wallet. Cybercriminals transferred funds totaling $2.8 million in cryptocurrencies Tether (USDT), Wrapped Ethereum (WETH), Dai (DAI) and USD Coin (USDC) to a suspicious wallet. The hackers then converted the stolen assets into Ethereum (ETH) via a decentralized exchange (DEX) and transferred the entire amount to the eXch platform.
Hacker Transaction Chain
After all the transactions, the hacked FixedFloat hot wallet stopped working, and the crypto exchange's website was temporarily disabled for maintenance. The incident follows a previous attack on February 16, when FixedFloat lost $26 million due to another security vulnerability. In response to that incident, the exchange's website was also put into maintenance mode.
The FixedFloat project team has revealed information about the second platform security breach, which is caused by the same cybercriminals as the attack in February.
On April 1, attackers exploited a vulnerability in the FixedFloat security system, withdrawing $2.8 million. The developers indicated that the theft affected only funds intended for the operational liquidity of the platform, without affecting users.
Confirmation of the hack came from Cyvers analysts, who drew attention to a suspicious transaction originating from the FixedFloat hot wallet. Cybercriminals transferred funds totaling $2.8 million in cryptocurrencies Tether (USDT), Wrapped Ethereum (WETH), Dai (DAI) and USD Coin (USDC) to a suspicious wallet. The hackers then converted the stolen assets into Ethereum (ETH) via a decentralized exchange (DEX) and transferred the entire amount to the eXch platform.
Hacker Transaction Chain
After all the transactions, the hacked FixedFloat hot wallet stopped working, and the crypto exchange's website was temporarily disabled for maintenance. The incident follows a previous attack on February 16, when FixedFloat lost $26 million due to another security vulnerability. In response to that incident, the exchange's website was also put into maintenance mode.
