logo logo

Where Web 2.0 social media meets Web 3.0. On Lit.it watch viral videos & earn points for watching & sharing videos or inviting people.

The Lit.it

Lit.it Telegram

Join the lit.it community and get current news and the official launch time.

Join Now
CryptoLit.it

FixedFloat Denies $26m Hack Role, Vows to Pay Pending Orders

Debunking Rumors, Promising Payouts, and Fortifying Security Ah, the wild world of crypto exchanges! Just when you think you’ve seen it all, along comes another twist in the tale. Today, we’re diving deep into the recent commotion surrounding FixedFloat and their alleged $26 million hack. Buckle up, because this story is a rollercoaster ride of […]

Share on:

Debunking Rumors, Promising Payouts, and Fortifying Security

Ah, the wild world of crypto exchanges! Just when you think you’ve seen it all, along comes another twist in the tale. Today, we’re diving deep into the recent commotion surrounding FixedFloat and their alleged $26 million hack. Buckle up, because this story is a rollercoaster ride of intrigue and reassurance.

Exploring the External Attack

So, what’s the deal with FixedFloat and this hefty hack, you ask? Well, let’s set the record straight. Contrary to swirling rumors, FixedFloat wants you to know they weren’t the culprits. Nope, this wasn’t an inside job; it was an external attack of cunning proportions. We got in touch with the folks at FixedFloat, and they spilled the beans on how vulnerabilities and a touch of lax security paved the way for this unwanted intrusion.

Active Defense and Promises Made

But fear not, fellow crypto enthusiasts! Despite the chaos, FixedFloat assures us that user funds remain untouched. Phew! Turns out, this exchange is non-custodial, meaning your precious coins are safe and snug. However, there’s a catch. The hack threw a spanner in the works, delaying payouts for 30 pending orders. Fear not, though, as FixedFloat is on the case, pledging to settle these transactions pronto once normalcy is restored.

Navigating the Aftermath

Picture this: a whirlwind of accusations swirling around social media, fingers pointed at FixedFloat’s own developers. But hold your horses, internet sleuths! FixedFloat vehemently denies these allegations, setting the record straight in a candid chat with crypto.news. Phew, crisis averted… or is it?

Addressing Criticisms

Now, let’s talk about the elephant in the room: the delay in reporting. Yes, FixedFloat faced some heat for not shouting about the hack from the rooftops the moment it went down. But hey, hindsight is 20/20, right? The team explains that their priority was plugging the holes and stemming the tide of losses. Going public too soon? That would’ve been like ringing the dinner bell for other cyber baddies.

Looking Towards the Future

So, what’s next for FixedFloat? Well, they’re rolling up their sleeves and getting back to business. With operations set to resume in full swing soon, the exchange is gearing up to drop a comprehensive report once they’ve dusted off their detective hats and wrapped up their investigation.

avatar

Experienced Developer with a demonstrated history of working in the computer software industry.

Michael Saylor Unveils Bitcoin ETFs Holding Over 1 Million BTC

In the ever-evolving world of cryptocurrency, there’s always something new to grab our attention. This time, it’s Michael Saylor, the CEO of MicroStrategy, who’s making waves. Michael Saylor, a known Bitcoin evangelist, recently dropped a bombshell: Bitcoin ETFs now hold a staggering 1 million BTC! This revelation has sent shockwaves through the crypto community, sparking […]

Sheila Warren’s Crusade: Battling Bad Actors in Crypto

Cryptocurrency has revolutionized the financial landscape, but with great power comes great responsibility. Sheila Warren, the CEO of the Crypto Council for Innovation (CCI), stands at the forefront of this digital frontier. With a steadfast commitment to transparency and ethics, she aims to cleanse the crypto world of its nefarious elements. Let’s dive into her […]

Celebrating Bitcoin Pizza Day: A Slice of Crypto History

On May 22, 2010, a tech-savvy programmer named Laszlo Hanyecz made history by buying two pizzas for 10,000 bitcoins. At the time, it was a groundbreaking transaction, highlighting the potential of Bitcoin as a currency. Fast forward to today, this date is celebrated worldwide as Bitcoin Pizza Day, a quirky holiday that crypto enthusiasts eagerly […]