Decentralized cryptocurrency exchange FixedFloat has reportedly fallen victim to another hacker attack, resulting in the loss of millions in ETH, USDT, WETH, DAI, and USDC.

According to CyversAlerts, an unknown entity managed to withdraw $2.8 million worth of cryptocurrencies from FixedFloat’s hot wallet on the Ethereum network. The attacker used the eXch smart contract for token swapping to carry out the illicit transactions.

The suspicious address converted the stolen assets into ETH via a decentralized exchange (DEX) before transferring the funds to the eXch exchange. Following these transactions, the hot wallet stopped functioning, and FixedFloat’s website is currently undergoing maintenance.

FixedFloat has not released any public statements regarding the incident, and their website is temporarily inaccessible due to technical maintenance. This latest attack comes after a previous breach in February, where the exchange lost $26.1 million in unauthorized access to their funds.

The details of the February breach remain undisclosed, but FixedFloat’s developers previously dismissed it as a minor issue. Stay updated for more news on Global Crypto News.

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