FixedFloat confirms $26M exploit in Bitcoin, Ether \ stacker news ~bitcoin

FixedFloat confirms $26M exploit in Bitcoin, Ether cointelegraph.com/news/fixed-float-confirms-26m-exploit-bitcoin-ether

2703 sats \ 19 comments \ @doofus 18 Feb bitcoin

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629 sats \ 2 replies \ @orange_crush 18 Feb

Misleading title. Bitcoin was not exploited. Bitcoin is undefeated.

FixedFloat was exploited.

5 sats \ 1 reply \ @Eobard 18 Feb

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54 sats \ 0 replies \ @DiedOnTitan 18 Feb

..would make it not clickbait.

257 sats \ 5 replies \ @siggy47 18 Feb freebie

If no one else is going to step in, I guess I'll do it:

Not your keys, not your coins.
Get your bitcoin off exchanges.

444 sats \ 3 replies \ @clr 18 Feb

But FixedFloat is an instant exchange (they don't get custody of your coins except for a few minutes/seconds while the incoming transaction gets the necessary confirmations).

Maybe the moral could be bitcoin only, don't do shitcoining. If you are going to shitcoin or swap between base layer and LN, by all means use atomic swaps.

4 sats \ 1 reply \ @SpaceHodler 20 Feb

But is it even possible to use atomic swaps with LN?

14 sats \ 0 replies \ @clr 20 Feb

I think so: https://boltz.exchange/

5 sats \ 0 replies \ @siggy47 18 Feb

Fair point. I didn't bother looking into it and didn't realize they used lightning for bitcoin exchanges. Therefore I like your less cliche response better.

44 sats \ 0 replies \ @Eobard 18 Feb

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312 sats \ 0 replies \ @benthecarman 18 Feb

Oof curious to see what it is, when I've tried this service before they required confirmations on both sides so it seems they wouldn't be vulnerable to the obvious attacks

55 sats \ 0 replies \ @feelancer21 18 Feb

400 BTC in a hot wallet for swap service is insane imho.

5 sats \ 2 replies \ @MattInTech 18 Feb

that's a pity, fixedfloat was one of the good ones and their support is top-notch. I hope they can come back soon.

11 sats \ 1 reply \ @doofus OP 18 Feb

Is it just Boltz.exchange left?

4 sats \ 0 replies \ @Bell_curve 19 Feb

Love boltz

5 sats \ 0 replies \ @TheBTCManual 18 Feb

Isn't this a swapping service? So they shouldn't really be customers that are affected right? So it's just their liquidity that got drained, would love to know more about the exploit, from the tweets it looks like it was an internal rugging by a dev allegedly.

4 sats \ 0 replies \ @fedelang 19 Feb

Exit liquidity usually rhymes with inside job.

4 sats \ 0 replies \ @stacksatstoday 18 Feb freebie

This will keep happening as new people come into the space. Some just have to learn the hard way.