FixedFloat reportedly suffers another exploit, losing $2.8m

Decentralized crypto exchange FixedFloat is reportedly facing yet another exploit, resulting in the loss of $2.8 million. This incident follows a previous hacker attack in February, where the exchange lost $26.1 million. The latest attack targeted FixedFloat’s hot wallet on the Ethereum network, and the stolen funds include Ethereum (ETH), Tether (USDT), Wrapped Ether (WETH), DAI, and USD Coin (USDC). The attacker utilized a smart contract called eXch to facilitate the illicit transactions. FixedFloat has not yet issued any public statements on the matter, and their website is currently undergoing maintenance. This breach underscores the vulnerability of decentralized exchanges, as FixedFloat had previously downplayed the significance of the earlier attack.