TechFlow reports that SlowMist founder Yu Xian stated on Twitter that the root cause of FixedFloat's two breaches is reportedly linked to its hosting provider, Time4VPS. Although the service is inexpensive, its security is unreliable. The attacker gained full functional privileges over the host, including global access to all servers, rendering previous security measures completely ineffective. Yu Xian advised the cryptocurrency industry to avoid similar small-scale hosting providers. Previously, FixedFloat was attacked and lost over $26 million worth of Bitcoin and ETH.
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