Creative Translation: FixedFloat, a Cryptocurrency Exchange, Falls Victim to Hacking, Resulting in the Theft of $26 Million Worth of Digital Assets

Creative Translation: FixedFloat, a Cryptocurrency Exchange, Falls Victim to Hacking, Resulting in the Theft of $26 Million Worth of Digital Assets

Creative Translation: FixedFloat, a Cryptocurrency Exchange, Falls Victim to Hacking, Resulting in the Theft of $26 Million Worth of Digital Assets

According to online data shared by the community, the cryptocurrency exchange FixedFloat was hacked last night, resulting in the theft of a total of 26.1 million US dollars worth of Bitcoin (409 coins) and Ethereum (1,728 coins). Since the funds were transferred, the exchange has entered maintenance mode and remains closed.

Initially, FixedFloat did not admit to being hacked, only stating that the platform was experiencing some technical issues and was undergoing repairs.

However, more and more online data has been uncovered after the incident, forcing the exchange to acknowledge the occurrence of the hacker attack and fund theft. They have stated that the platform is making efforts to eliminate all possible vulnerabilities, enhance security, and conduct a thorough investigation. A report regarding this incident will be released soon.

FixedFloat is a non-custodial exchange, which is different from traditional custodial exchanges. It does not hold or control users’ funds. In a non-custodial exchange, transactions are conducted directly between users, with the exchange serving only as a platform for matching and executing trades. Combined with the absence of KYC requirements, this platform is often used by users or hackers to conceal financial flows.