FixedFloat, the main non-custodial automated change, is happy to announce its return to enterprise following a latest cyber assault. The corporate sincerely thanks its loyal customers for his or her unwavering assist throughout this difficult time.
“We wish to thanks, our pricey customers, for the assist you’ve gotten given us throughout this troublesome time in our historical past,” stated a spokesperson for FixedFloat. “Your religion in us is valued above all else and your message of assist has been felt by each member of our staff.”
Throughout the night time of February 16-17, a safety breach occurred in our system. This exterior assault was facilitated by a vulnerability in our safety infrastructure that compromised some performance of our service. Sadly, $26.1 million was stolen on account of this breach.
We determined to not publish the hack instantly as our major aim was to make sure safety and decrease losses. As an alternative, we prioritized addressing vulnerabilities and strengthening our general safety measures whereas totally investigating the incident.
As a result of ongoing investigation, we are able to solely launch restricted particulars right now. Nonetheless, we’re actively working with regulation enforcement companies, blockchain forensics corporations, and crypto exchanges to facilitate the investigation course of. We intend to file a complete report after the investigation is full.
Regardless of the safety breach, you will need to reassure our customers that their funds stay protected. FixedFloat operates as a non-escrow service, which means we don’t retailer consumer funds. In consequence, our customers’ funds aren’t affected by the latest hack; solely our companies and liquidity suffered losses.
Upon detection of a hacking incident, we instantly shut down the service to mitigate additional dangers. This motion has quickly stopped greater than 30 consumer orders. Nonetheless, we’re happy to announce that each one orders have now been efficiently accomplished.
FixedFloat stays dedicated to fulfilling all commitments to our customers. We guarantee you that each one orders interrupted attributable to a service outage have been processed and accomplished. We respect your persistence and understanding throughout this difficult time and stay dedicated to offering a protected and dependable cryptocurrency change platform.
As well as, our technical staff actively performs complete safety checks to strengthen our service infrastructure. Whereas we’re dedicated to bettering our safety measures, we chorus from disclosing particular particulars relating to the configuration of our safety mechanisms.
Moreover, FixedFloat has efficiently migrated to the brand new ff.io area, which has been within the works for a while now. This transition represents the end result of an in depth technical effort to replace and enhance our companies.
Detecting faux information
Within the meantime, we wish to deal with the inaccuracies which have appeared in numerous articles by journalists and information retailers relating to FixedFloat and the latest hack. You will need to make clear that FixedFloat is just not a cryptocurrency mixer. As an alternative, we facilitate fund transfers completely from our public addresses as a non-custodial centralized cryptocurrency service.
As well as, we strongly reject unsubstantiated claims that counsel that almost all of funds despatched to FixedFloat come from felony sources. We’re firmly dedicated to preventing cash laundering and cybercrime inside the crypto group and actively oppose any type of felony exercise that undermines the integrity of the trade.
FixedFloat is able to present official feedback and explanations relating to our actions and the latest hacking incident. We welcome open dialogue and cooperation with journalists to make sure correct reporting and forestall the unfold of false data.
As of now, FixedFloat has resumed operations and provides change companies for 23 currencies and tokens. Our technical staff and builders are working onerous to completely restore the service and we anticipate to achieve full operational capability within the coming days. We respect the continued assist and understanding of our valued customers throughout this difficult time.
About FixedFloat
FixedFloat was launched in 2018 by a gaggle of cryptocurrency fanatics and blockchain consultants with in depth expertise in enterprise, internet know-how and finance. By way of sensible and scalable options that make the cryptocurrency economic system work for customers, FixedFloat simplifies the cryptocurrency change course of.
The platform permits customers to decide on between mounted or floating change charges to swimsuit their funding technique. Boasting quick processing, strong design, and pleasant, devoted buyer assist, FixedFloat gives a best-in-class change that meets all of the wants of the cryptocurrency group, amongst different issues.
For extra data, customers can go to FixedFloat’s web site or comply with its social media accounts TwitterTelegram and Instagram
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