Allegedly, Decentralized cryptocurrency exchange FixedFloat has faced another security breach, resulting in the loss of millions in ETH, USDT, WETH, DAI, and USDC. Reportedly, an unidentified entity swiftly drained approximately $2.8 million worth of Ethereum (ETH), Tether (USDT), Wrapped Ether (WETH), DAI, and USD Coin (USDC) from FixedFloat’s hot wallet on the Ethereum blockchain, utilizing the eXch smart contract for token swapping to execute the unauthorized transactions. Despite the incident, FixedFloat has not yet made any public statements regarding the breach, and its official website is presently inaccessible due to technical maintenance. This latest breach marks another setback for FixedFloat, following a previous attack in February that resulted in a loss of $26.1 million. While details surrounding the February breach remain undisclosed, the project’s developers previously minimized its impact, referring to the $26 million hack as a “minor problem.”
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