FixedFloat exchange hacked!

[hugeblack]

Two hacks in less than 6 months, with the same method, the same address and the same mistakes. I don’t know, but the chance of them coming back again with the same brand name is difficult, and I don’t know why anyone would trust them again.
The best that could happen is to end FixedFloat service, rebuild their system again, and redirect users to the new service.


Some of the claims made by https://exch.cx/ in the past make me suspect that the second hack may be an attempt by FF to pay for hackers not to post the data they obtained from the servers.

[examplens]

Two hacks in less than 6 months, with the same method, the same address and the same mistakes. I don’t know, but the chance of them coming back again with the same brand name is difficult, and I don’t know why anyone would trust them again.
The best that could happen is to end FixedFloat service, rebuild their system again, and redirect users to the new service.

It's not 6 months, but less than two.
Given that the hack came in the same way, It is clear that the FF team has not discovered all of its shortcomings, and it certainly has not eliminated them all. If they continue to operate with the same software, then doubt should be expressed in their reason and logic.

Regardless of the alternatives, it's a shame to lose this kind of service, obviously it had significant popularity.

[dkbit98]

Two hacks in less than 6 months, with the same method, the same address and the same mistakes. I don’t know, but the chance of them coming back again with the same brand name is difficult, and I don’t know why anyone would trust them again.
The best that could happen is to end FixedFloat service, rebuild their system again, and redirect users to the new service.

I don't think they are going to quit and shut down their service now, but they need to change how it works and remove all third parties connected with them.
If I understood their statement correctly they claimed that latest hack was connected with one of the partners they work with.
Anyway, they are looking like amateurs now   

[GxSTxV]

Shoot that hurts, truly sad and upsetting, to be honest. I can't imagine being one of the FixedFloat team members, especially not one of their security personnel. It seems to me that the hackers have identified the platform's security weaknesses, or they might even know about their team members or have an insider who works beside the hackers.
It's hard to understand how two such incidents could happen in a very short period of time. Also the platform going back to work after the first hack should have ensured that no form of hacking could breach them once again no matter its type. However, I doubt they will manage to remain in the market much longer, as everyone is now will be afraid of not being able to get their exchanged assets with them.

[Best]

That's the only thing that worries the exchanges: sometimes when hackers get in, what about the users they robbed who are just using their platform that is trusted to enter their money? Can they resolve that immediately?

Although I'm not familiar with the exchange, I don't use it either. There are other exchanges that have been tried and tested, like Binance, that still maintain the trust of their users even if they take the risk of donating their users who have been robbed by a hacker. funds.

Yup, same here. I haven't heard about the exchange this is my first time I have ever heard about it. I think is best I make a post on what to look into on exchanges before using them. At least an exchange should have a Cold wallet and high security for things like thos and most importantly, monthly update on protection fund . At least bitget and Binance are doing great in this aspect

[arabspaceship123]

April 1 isn't the best day for this to happen. They didn't announce losses in the second hack so it's possible they're learning about the hackers techniques. The hackers assume FixedFloat's an easy target so they'll keep doing it.

FixedFloat hack happened again on April 1 and this is not a joke 
It happened by the same people and they lost money again.

[hugeblack]

April 1 isn't the best day for this to happen. They didn't announce losses in the second hack so it's possible they're learning about the hackers techniques. The hackers assume FixedFloat's an easy target so they'll keep doing it.

this time loss is about $ 3 Million, as the service stopped which means that the hackers have left some back doors and perhaps they need to be written instead of trying to fix bugs caused by the last hacker process.

[bhadz]

That's crazy to see that they've been hacked, and again. These hackers will definitely drain, I've seen that they just start to get into their recovery going back to service but it seems that these hacks don't want to see them in business. It took a lot of years for fixedfloat to establish themselves and now, they're on this situation. Truly bad situation it is.