On Feb. 18, the FixedFloat team confirmed that the platform was hacked after blockchain sleuths reported the spurious crypto movements. “We confirm that there was indeed a hack and theft of funds,” it stated in response to a post on X revealing the exploiter’s address. There were no new posts or details on the FixedFloat X account as of early Monday morning on Feb. 19. Moreover, the FixedFloat website was also offline with the message “Technical work is underway, we will be back soon!” at the time of writing. On Feb. 19, blockchain security firm PeckShield reported that around 1,728 ETH worth roughly $4.85 million and 409 BTC worth around $21 million were stolen in the attack.
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