FixedFloat, a cryptocurrency exchange known for its non-custodial service, has reportedly fallen victim to a significant exploit, resulting in the loss of approximately $26.1 million in bitcoin and ether. On-chain data analysis reveals suspicious transactions, including the movement of 409 bitcoin ($21.17 million) and 1,728 ether ($4.85 million), prompting the exchange to enter maintenance mode.

Following these unexpected fund movements, FixedFloat has temporarily shut down its services, citing “minor technical problems” on its X account. While the exchange has yet to confirm the full extent of the exploit, its website indicates that technical work is ongoing with a promise of a swift return.

This incident raises concerns about the security measures at FixedFloat, a platform that also supports Bitcoin’s Lightning Network and has previously contributed to recovering stolen funds from another crypto exchange. Efforts to reach the exchange for further comments have been hindered by the inaccessibility of its contact system.