FixedFloat, a prominent cryptocurrency exchange service, is thrilled to announce its full return to operation after a series of security breaches earlier this year. February was a dark time for FixedFloat when an attacker exploited a security vulnerability, resulting in the theft of $26.1 million.
Despite immediate and comprehensive efforts to address these security weaknesses, the same attacker struck again on March 31. After a thorough analysis, FixedFloat’s vulnerability was traced to Time4VPS, a third-party service that it used at the time. Although most systems had been migrated, some nodes remained on Time4VPS servers.
The attacker discovered the IP of one server and gained access to all Time4VPS-hosted servers. Changing passwords was ineffective as the attacker had global access, and Time4VPS’s security protocols failed to prevent further breaches.
FixedFloat admitted to not immediately destroying compromised servers and failing to recreate them from white lists. Meanwhile, after detecting the intrusion on March 31, FixedFloat notified Time4VPS, whose response was that their technicians were unavailable, and no action was taken the next day. Only after persistent requests did Time4VPS confirm the hack and promise a report, which remains undelivered after three months.
Time4VPS demanded documents without confirming the vulnerability was fixed, risking further information leaks. FixedFloat refused to provide documents without a hack report, fixes, and law enforcement involvement.
FixedFloat suspects either employee involvement or negligence by Time4VPS and UAB ‘Interneto vizija,’ believing critical vulnerabilities remain unaddressed, leaving customer data at risk.
FixedFloat
has been a trusted cryptocurrency exchange for nearly six years, driven by a dedicated team committed to excellence. Following the second hack, it suspended operations for two months to overhaul its security infrastructure.
Operations have now resumed, with most cryptocurrencies available for exchange. All client obligations from the hack have been fulfilled, and new currencies are being added.
The team at FixedFloat expresses immense gratitude to those who waited and supported them. FixedFloat is back, ready to offer high-quality service, fast exchanges, and excellent rates.
About FixedFloat
FixedFloat
was established in 2018 by a group of cryptocurrency enthusiasts and blockchain experts with extensive experience in entrepreneurship, web technology, and finance. Through practical and scalable solutions that make the cryptocurrency economy work for users, FixedFloat simplifies the process of exchanging cryptocurrencies.
The platform enables users to choose between fixed or floating exchange rates that fit their investing strategy. FixedFloat boasts fast processing, robust design, and friendly, dedicated customer support, among others to provide a best-in-class exchange that meets all the needs of the cryptocurrency community.
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