Summary
TLDR: Cryptocurrency exchange FixedFloat experienced a second security breach, losing $2.80 million. Suspicious transactions were detected on the Ethereum blockchain, with assets being transferred to a dubious address. The exchange’s hot wallet ceased operations, and the website was taken offline for maintenance. This is not the first breach for FixedFloat, with a previous incident resulting in a $26 million loss. The exchange is investigating and enhancing security measures to prevent future attacks.
Key Points
1. FixedFloat experienced a second security breach resulting in a loss of $2.80 million, detected by blockchain forensics firm Cyvers.
2. The breach involved the transfer of various digital assets to a dubious address, followed by the shutdown of the compromised hot wallet and the company’s website for maintenance.
3. Despite the stolen funds serving as operational liquidity for the service, FixedFloat assured users that their assets were not directly impacted due to its non-custodial service model.