FixedFloat, a non-custodial crypto replace that facilitates an automatic replace of cryptocurrencies, appears to have been hacked for $26.1 million over the weekend.

On-chain files shows that a suspicious deal with drained 409 Bitcoin, price $21.1 million on the time, from the platform. On the Ethereum blockchain, an attacker appears to have drained 1,728 Ether, price round $4.85 million, from FixedFloat to 1 other deal with.

On Feb. 17, a series of users took to X to whinge that transactions weren’t being processed on FixedFloat. At the time, the crew on the relief of the replace attributed this to “minor technical concerns” and acknowledged that the platform had been switched to upkeep mode.

The crew later confirmed that an exploit had taken whisper, nonetheless acknowledged that they weren’t yet willing to execute public comments on the matter.

Blockchain safety researchers have chanced on that the attacker has began laundering funds thru crypto exchanges eXch.cx and HitBTC.

Curiously, FixedFloat itself has on the total been the tool of different for hackers taking a look to launder funds, given the true fact that it doesn’t require users’ registration or Know Your Customer (KYC) verifications.

In October, a hacker stole round $3 million price of Avalanche’s native token AVAX from the Web3 social media app Stars Enviornment and transferred the funds thru FixedFloat. However, the platform has also thwarted the efforts of some exploiters previously, freezing $200,000 price of ETH from the Curve Finance hacker in 2022.