Cryptocurrency
[loss] $26M+
"FixedFloat confirms $26M exploit in Bitcoin, Ether"
Primary Source ↗Financial Loss
$26.1M
(26,100,000 USD)
Blockchain(s)
Ethereum, Bitcoin
Incident Details
The FixedFloat cryptocurrency exchange was exploited for around 409 BTC ($21.17 million) and 1,728 ETH ($4.85 million) for a total loss of just over $26 million. FixedFloat is a decentralized cryptocurrency exchange that doesn’t require user registration or Know Your Customer, making it popular for hackers looking to launder stolen funds.FixedFloat first wrote that they had “encountered some minor technical problems”, then acknowledged that there had been a hack. FixedFloat is non-custodial, so no user funds were impacted, however some have reported frozen transactions and missing funds from using the service on social media.
Total loss estimated at $26,100,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- FixedFloat
Timeline
- 2024-02-18 Breach occurred
- 2024-02-18 Publicly disclosed