Major Crypto Breach
Hackers targeted FixedFloat, a decentralized finance (DeFi) crypto exchange, and stole over $26 million worth of Bitcoin (BTC) and Ethereum (ETH).
Stolen Funds
- 1700 ETH transferred to an Ethereum address
- $21 million worth of BTC stolen
Investigation
The stolen ETH was sent to an exchange that uses mixing techniques to hide the origin of funds. The hacker also tried to create a false trail by depositing funds into two HitBTC addresses.
FixedFloat’s Response
FixedFloat stated that user funds were not affected as they do not store user funds. However, it’s believed the hacker may have obtained a private key to record a Monero (XMR) transaction.
Lightning Network Integration
FixedFloat is known for its Lightning Network integration, which allows for faster transactions and lower fees. The exchange has a large user base and has completed over a million orders.
Non-Custodial Design
FixedFloat does not require users to register or go through KYC checks, providing a private and decentralized trading experience.
