{"id":409035,"date":"2024-04-02T13:54:53","date_gmt":"2024-04-02T12:54:53","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=409035"},"modified":"2024-04-02T13:55:49","modified_gmt":"2024-04-02T12:55:49","slug":"fixedfloat-reportedly-suffers-2-8-million-theft-tether-blocks-400000-from-attackers","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/fixedfloat-reportedly-suffers-2-8-million-theft-tether-blocks-400000-from-attackers\/","title":{"rendered":"FixedFloat reportedly suffers $2.8 million theft, Tether freezes $400,000 from attackers"},"content":{"rendered":"

Decentralized exchange FixedFloat's Ethereum<\/a>-based hot wallet saw several suspicious transactions that led to the withdrawals of $2.8 million during the past day, according to the Web3 security firm Cyvers.<\/p>\n

Following the news, stablecoin issuer Tether<\/a> blocklisted ten addresses involved in these withdrawals, effectively freezing about $400,000 worth of USDT tokens, according<\/a> to blockchain security firm Peckshield.<\/p>\n

FixedFloat's ‘suspicious' transactions<\/h2>\n

According<\/a> to Cyvers:<\/p>\n

“Approximately 14 hours ago, a staggering $2.8 million was withdrawn from [FixedFloat] hot wallet on the ETH chain. The funds were directed to a suspicious address, which subsequently received various digital assets including ETH, USDT, WETH, DAI, and USDC.”<\/p><\/blockquote>\n

Subsequently, the assets were swapped into Ethereum via a decentralized exchange (DEX) before being transferred to eXch exchange. Following these transactions, the hot wallet ceased functioning, prompting the exchange's website to enter maintenance mode.<\/p>\n

Meanwhile, the exchange has yet to comment publicly on these transactions. However, its website's initiation of maintenance mode echoes the response observed following a previous security incident in February.<\/p>\n

The exchange lost $26 million<\/a> to an access control issue at the time, forcing it to transition its domain from fixedfloat.com to ff.io. The team said<\/a>:<\/p>\n

“A short domain name not only reduces the risk of encountering phishing attacks, but also makes it easier for all users to access our service.”<\/p><\/blockquote>\n

Tether freezes criminal addresses<\/h2>\n

USDT issuer Tether has proactively frozen the addresses of these suspicious transactions on FixedFloat.<\/p>\n

Tether has yet to respond to CryptoSlate's<\/em> request for comment as of press time.<\/p>\n

Over the past year, the stablecoin company has increased its crackdown on addresses linked to illicit activities<\/a>. Notably, the firm proactively froze<\/a> the hacker's address, which exploited Ledger's Connect Kit library.<\/p>\n

The firm has also collaborated with several regulatory agencies worldwide to recover stolen funds<\/a> from fraudsters and malicious actors.<\/p>\n

However, despite these efforts, there are allegations that<\/a> these hostile players increasingly favored the USDT stablecoin.<\/p>\n","protected":false},"excerpt":{"rendered":"

Decentralized exchange FixedFloat’s Ethereum-based hot wallet saw several suspicious transactions that led to the withdrawals of $2.8 million during the past day, according to the Web3 security firm Cyvers. Following the news, stablecoin issuer Tether blocklisted ten addresses involved in these withdrawals, effectively freezing about $400,000 worth of USDT tokens, according to blockchain security firm […]<\/p>\n","protected":false},"author":720,"featured_media":409038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16041],"tags":[79313,76896,72860],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nFixedFloat reportedly suffers $2.8 million theft, Tether freezes $400,000 from attackers<\/title>\n<meta name=\"description\" content=\"FixedFloat hot wallet hack leads to $2.8 million loss as stablecoin issuer Tether swiftly freezes $400,000 in USDT tokens.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/fixedfloat-reportedly-suffers-2-8-million-theft-tether-blocks-400000-from-attackers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FixedFloat reportedly suffers $2.8 million theft, Tether freezes $400,000 from attackers\" \/>\n<meta property=\"og:description\" content=\"FixedFloat hot wallet hack leads to $2.8 million loss as stablecoin issuer Tether swiftly freezes $400,000 in USDT tokens.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/fixedfloat-reportedly-suffers-2-8-million-theft-tether-blocks-400000-from-attackers\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-02T12:54:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T12:55:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/04\/tether-blocks-address.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/fixedfloat-reportedly-suffers-2-8-million-theft-tether-blocks-400000-from-attackers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/fixedfloat-reportedly-suffers-2-8-million-theft-tether-blocks-400000-from-attackers\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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