The Fixedfloat project team has reported a second violation of their platform, resulting in a loss equivalent to a previous cyberattack in February.
On April 1, attackers exploited a vulnerability in the Fixedfloat security system, managing to withdraw $2.8 million. The developers clarified that the stolen funds were part of the platform’s operational liquidity and did not impact users directly.
The hacking incident was confirmed by analysts from Cyvers, who flagged a suspicious transaction from the hot Fixedfloat wallet. Cybercriminals moved $2.8 million in Tether (USDT), Wrapped Ethereum (Weth), DAI (DAI), and USD Coin (USDC) to a questionable wallet. The stolen assets were then converted to Ethereum (ETH) through a decentralized exchange (DEX) and transferred to the EXCH platform.
Following the series of hacker transactions, the Fixedfloat hot wallet ceased operations, and the crypto exchange website was temporarily offline for maintenance. This incident came after a previous attack on February 16, where Fixedfloat lost $26 million due to a different security breach, prompting the website to enter maintenance mode to enhance security measures.