Summary
TLDR: FixedFloat, a cryptocurrency exchange without KYC measures, was hacked, resulting in the loss of over $26 million in Bitcoin and Ethereum. The stolen funds were moved through an Ethereum mixer, complicating traceability. The exchange assured users that their funds were safe and that the hack only impacted the service itself. FixedFloat is working with authorities to track down the hackers and will resume operations once security is ensured.
Key Points
1. FixedFloat, a cryptocurrency exchange that operates without KYC measures, was hacked, resulting in the loss of over 400 Bitcoin and 1,700 Ethereum, totaling about $26 million.
2. The stolen funds were moved through an Ethereum mixer shortly after the hack, making it difficult to trace. Some funds were also moved to other platforms like HitBTC and CoinSpot, complicating the recovery process.
3. FixedFloat confirmed the hack was due to vulnerabilities in their security structure and not carried out by an employee. The exchange assured users that their funds were safe and that only the company’s internal operations were impacted by the hack.