Cyvers in the News

FixedFloat Crypto Exchange Allegedly Exploited for $2.8M

‍The incident follows a previous security breach in February, suggesting vulnerabilities in access controls.

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^{‍"The security breach at FixedFloat suggests an access control issue, similar to a previous hack on February 16,” Cyvers Alerts told BSCN. “In both incidents, unauthorized access to the hot wallet led to the withdrawal of significant funds ($2.8M and $26M, respectively).”}

Binance Labs-backed OpenLeverage suffers $236k exploit

^{‍According to CyversAlert, the attacker’s wallet for covering fees was funded by Tornado Cash}, an OFAC-sanctioned crypto mixing protocol, although the specifics of the attack remain unclear as of press time.

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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.