Over $21M in Crypto Stolen in Two Separate Incidents

Two significant security breaches have been reported, leading to substantial financial losses. PeckShieldAlert reported the sophisticated phishing attack targeting an

address (0x080f…A658). The attackers successfully deceived the wallet’s owner, resulting in a loss of approximately 170 million $Hold tokens. The stolen tokens are valued at around $47,700.

#PeckShieldAlert #Phishing Address 0x080f…A658 has fallen victim to a phishing scheme, resulting in a loss of ~170M $Hold (worth ~$47.7K) #Fake_Phishing187019 pic.twitter.com/pUCgTYjvDH

— PeckShieldAlert (@PeckShieldAlert) February 19, 2024

Major Hack on FixedFloat

In a separate and more devastating security breach, the cryptocurrency exchange service FixedFloat fell victim to a hacking incident. The attackers managed to exfiltrate roughly 1,728 Ethereum (ETH) and 409 Bitcoin (BTC), with the stolen assets amounting to nearly $25.85 million. The compromised ETH, valued at approximately $4.85 million, and the

, worth about $21 million, represent a significant loss to the service and its users. Further compounding the issue, the perpetrators have already initiated the transfer of most of the stolen Ethereum to another exchange on the Ethereum network, complicating recovery efforts.

#PeckShieldAlert #FixedFloat was hacked, resulting in ~1,728 $ETH (worth ~$4.85m) and & 409 $BTC (worth ~$21m) stolen. The drainer already transferred most of the stolen $ETH to #eXch on #Ethereum pic.twitter.com/IZKbCclH8v

— PeckShieldAlert (@PeckShieldAlert) February 19, 2024

These incidents serve as a stark reminder of the vulnerabilities associated with digital currencies and the platforms that facilitate their exchange. Phishing attacks exploit human error, often leading to substantial financial losses. Meanwhile, the hacking of FixedFloat highlights the technical vulnerabilities that can be exploited by determined attackers.

An exchange representative on X responded to these instances by saying, “We encountered some minor technical problems and have switched our service to maintenance mode.”

Hello,

We encountered some minor technical problems and have switched our service to maintenance mode. Unfortunately, the exact recovery time frame is not yet known, but we are doing everything possible to speed up this process. We hope that the service will be available again…

— FixedFloat⚡️ (@FixedFloat) February 17, 2024

The exchange’s website states, “Technical work is underway, we will be back soon,” but it has not disclosed the scope of the attack. FixedFloat is a non-custodial cryptocurrency exchange that offers automated cryptocurrency trading. The Bitcoin Lightning Network is supported by the exchange.

The exchange assisted in the seizure of $200,000 worth of ether that was taken from the decentralized exchange Curve in August 2022.The exchange’s website’s contact form is still down, therefore we have been unable to get in touch with them for a response.