FixedFloat Exchange Issues Statement on Security Breaches and Future Enhancements

its return to full operation following a series of security breaches that occurred in February and March of this year. The incidents, which resulted in the theft of $26.1 million, have prompted the company to take significant measures to enhance its security infrastructure and ensure the safety of its users’ assets.

After thorough analysis, it was determined that the attacker had exploited vulnerabilities in the services provided by Time4VPS, a third-party hosting provider used by FixedFloat.relied on Time4VPS for hosting services, which was initially chosen for its affordability and convenience. Although we had progressively migrated most of our infrastructure to proprietary servers, by early 2024, some low-power nodes and subsystems remained hosted with Time4VPS.

Time4VPS’s virtualization technology limited our ability to activate critical security protocols following the breach, exacerbating the situation. Despite our efforts to delay further attacks by changing server passwords, the hacker utilized global access permissions to bypass our defenses. We suspect either internal negligence or potential complicity from Time4VPS employees in the breach. Given the unresolved vulnerabilities, we believe customer data at Time4VPS remains at risk. This ongoing risk prompted us to cease using their services and rebuild our security framework from the ground up.has been a trusted cryptocurrency exchange for nearly six years, driven by a dedicated team committed to excellence.

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