According to a post on the X Platform by FixedFloat, a Bitcoin Lightning-based exchange, the service suffered a security breach that resulted in fraudulent transactions and financial losses.
FixedFloat provides exchange services for various virtual currencies using Bitcoin. lightning network After noticing some suspicious activity where over 3 million USD was transferred from the exchange, we reported this event to speed up the transaction. This incident points to a troubling reoccurrence of FixedFloat security issues after a similar incident occurred in the same year.
Security breach details
Security firm CertiK first noticed these transactions and said funds were transferred to wallets on the Ethereum and Tron networks in Ether (ETH) and Tether (USDT).
The transaction line pattern is similar to the attack FixedFloat suffered on February 16th, leading us to believe that there is a potential vulnerability in the system or a related third-party service. In response to this situation, the exchange's website was shut down for “technical maintenance,” leaving users without access or information for an extended period of time.
Exchange response and countermeasures
In the event of a violation, fixed floating point number issued a memo acknowledging the attack and detailing the steps taken on the spot and steps to avoid such things in the future. The organization emphasized that it is dedicated to protecting its infrastructure and continuously improving its security against such attacks.
FixedFloat informed its customers that the stolen funds were in the company's reserves and FixedFloat is not a custodial service, so assets held or traded through the service remain safe.
Survey and industry response
This event triggered a thorough investigation by FixedFloat, but due to the sensitive nature and scale of the exploration, not much information has been made public. The cryptocurrency community and security experts are closely monitoring the situation given the potential impact on the reliability and security of cryptocurrency exchanges.
Recurrent nature security breach As a result, FixedFloats has raised questions about the adequacy of the remedial actions taken after the initial breach and the difficulties exchanges encounter in protecting themselves from advanced cyber threats.
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