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International Business Times
International Business Times
Business
Marvie Basilan

Crypto Exchange FixedFloat Suffers $26M Exploit In Bitcoin, Ether

Bitcoin Crypto Chainalysis Hamas PIJ
Representative image for decentralized exchanges. (Credit: ByBit/flickr.com)

KEY POINTS

  • Bitcoin worth around $21 million and Ether worth almost $5 million were reportedly drained Sunday
  • FixedFloat has since said it will provide more details about the hacking incident "a little later"
  • Chainalysis said in a January report that hacking "remains a significant threat" even as crypto platform theft has declined

Decentralized cryptocurrency exchange FixedFloat has been exploited for at least $26 million in Bitcoin (BTC) and Ether (ETH), on-chain data revealed.

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