Coinspeaker
Decentralized Exchange FixedFloat Loses $3 Million to Second Hack in One Month

Decentralized cryptocurrency exchange FixedFloat has allegedly lost $2.8 million to a recent hack. This is the second time the decentralized exchange (DEX) has lost funds to a hack in less than a month.

Cyvers Announces Second FixedFloat Hack

Cyvers Alerts, an X account posting real-time security alerts, revealed the hack. In an X post, Cyvers noted that hackers withdrew the funds from a hot wallet on the ETH chain and sent the assets to another address through several cryptos, including Ether (ETH), USDC, DAI, USDT, and Wrapped ETH (wETH). Reportedly, the hacker used eXch, a smart contract used to swap tokens. As of this writing, the DEX’s official website is unavailable due to “technical work.” Interestingly, FixedFloat has not confirmed or denied the hack.

FixedFloat is an automated cryptocurrency exchange that does not enforce know-your-customer (KYC) requirements.

In mid-Februa...