Massive Crypto Breach: Hackers Extract $26 Million In BTC And ETH From This Exchange
- Decentralized finance (DeFi) exchange FixedFloat was hacked, resulting in the theft of over $26 million worth of Bitcoin and Ethereum. - The hacker drained 1700 ETH and siphoned off approximately $21 million worth of BTC from FixedFloat. - Stolen ETH was sent to an online exchange called eXchdotch, using Thorchain and centralized mixing techniques to obfuscate the origin of the funds. - FixedFloat assured users that their funds were not affected, as it does not function as a custodial service and does not store user funds. - The investigation into the hack is ongoing, and the FixedFloat team has pledged to release further information. - FixedFloat is known for its Lightning Network integration, offering accelerated speeds and reduced fees for transactions. - The exchange has attracted over 1,000 daily users and a loyal user base due to its non-custodial design and commitment to user privacy and autonomy.
