$26 million in Bitcoin and Ethereum stolen from FixedFloat exchange

FixedFloat, a non-custodial crypto switch, confirmed that its platform used to be hacked over the weekend.

In a Feb. 18 put up on the social media platform X (beforehand Twitter), the venture acknowledged the hack and subsequent fund theft per queries from the crypto neighborhood. Nonetheless, the team did no longer narrate particular valuable components relating to the incident or the amount stolen.

“We must no longer but ready to get hold of public comments on this topic, as we are working to set away with all doable vulnerabilities, give a grab to security, and investigate,” it added.

CryptoSlate can verify that the switch web position has been switched into repairs mode and shows an error message as of press time.

FixedFloat operates as a non-custodial switch, facilitating automated crypto exchanges. Users can get hold of the many of the platform without registration or Know Your Customer (KYC) verifications. Additionally, FixedFloat supports the Bitcoin Lightning Community.

Stolen funds value $26 million

On-chain recordsdata presentations that the stolen funds from the platform were value $26 million in digital resources, including 1,728 ETH, value round $4.85 million, and 409 BTC valued at $21 million.

The attacker has moved many of the stolen ETH  funds to the Ethereum crypto mixer eXch, per blockchain security firm PeckShield.

The stolen 409 BTC were dispersed to a couple addresses by the attacker, per Beosin Alert.

On-chain investigators printed that allotment of the stolen fund, precisely 166.1 BTC, used to be sent to Samourai Wallet to make employ of Coinjoin transactions to obfuscate the transaction trails.

“CoinJoin transactions are a form of transaction the set two or extra of us mix their funds into one transaction in this form of technique that after the transaction it is some distance unclear who owns which coin,” Evgenii defined.