* Key Point 1: Decentralized crypto exchange FixedFloat has been robbed of Bitcoin and Ether valuing around a staggering $26 million, according to on-chain data.
* Key Point 2: The heinous digital felony was spotted and confirmed a few hours after the initial reports surfaced on X (the artist formerly known as Twitter.)
* Key Point 3: The team at FixedFloat first believed this mega outflow of cryptocoins was due to “minor technical problems”, leading them to temporarily switch their services to maintenance mode. When life gives you lemons, huh?
* Key Point 4: Since February 17, numerous users have aired their grievances of stuck transactions and ghosting funds on the exchange’s X page.
* Key Point 5: On-chain data reveals the mind-blowing volume of cryptocurrency stolen on February 18: over 400 Bitcoin (which is a cool $21 million) and more than 1,700 Ether (almost $5 million).

FixedFloat Takes an Unfriendly Dip

A Cyber Heist’s Chilling Ripple

Users Grapple with Frozen Transactions and Vanishing Funds

In the frosty nightmare of FixedFloat users, it seems that someone hit the “jackpot” at FixedFloat’s expense or should we say, “Bitpot?” While the team initially attempted to explain away the colossal crypto outflow as “minor technical issues,” it swiftly transformed into one of the biggest financial Titanic-iceberg moments in recent memory. Free advice to FixedFloat: Next time, your “minor technical problem” turns out to be a full-blown, multi-million dollar swindle, maybe don’t go into maintenance mode. Although, it’s difficult to find humor in this scenario (especially if you’re one of the unfortunate victims), it serves as a stark reminder that even the flimsiest raft in the sea of cryptocurrency needs an effective lifebuoy. To sum it up, today’s crypto joke is on FixedFloat, and probably not in the way they intended.

#CryptoHeist #FixedFloatOutOfFloat #CryptoChaos #BitcoinBandit #EtherEscaperOriginal article: https://cointelegraph.com/news/fixed-float-confirms-26m-exploit-bitcoin-ether