Cyvers in the News

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

Fixed Float Exploited for $2.8 Million, Tether Freezes Hacker Addresses

‍FixedFloat, the fully automatic crypto exchange, has reportedly been a victim of yet another security breach. The hacker managed to take almost $2.8 million worth of crypto from the Ethereum chain hot wallet, with the platform’s access control issues to be blamed. ^{The hack reported by CyversAlerts has left the exchange’s users bewildered and wondering as they wait for the platform to be sorted.}

FixedFloat reportedly suffers $2.8 million theft, Tether freezes $400,000 from attackers

‍Decentralized exchange FixedFloat’s Ethereum-based hot wallet saw several suspicious transactions that led to the withdrawals of $2.8 million during the past day, according to the Web3 security firm Cyvers.

^{According to Cyvers:}

^{“Approximately 14 hours ago, a staggering $2.8 million was withdrawn from [FixedFloat] hot wallet on the ETH chain.} The funds were directed to a suspicious address, which subsequently received various digital assets including ETH, USDT, WETH, DAI, and USDC.”