Crypto Prime Broker FPG Loses Up to $20M in Cyber Attack

Floating Point Group (FPG), an organization trading table specializing successful cryptocurrencies, suffered a cyber onslaught connected Sunday, June 11, which resulted successful a nonaccomplishment of betwixt $15 cardinal and $20 cardinal successful crypto, a spokesperson for the steadfast told CoinDesk.

Hacks and breaches are comparatively communal occurrences successful crypto that tin hap to astir immoderate firm. That said, FPG had taken steps to guarantee it was safe, having engaged extracurricular auditors successful December of past twelvemonth for a bid of cybersecurity audits and penetration testing, successfully earning the steadfast a SOC 2 certification.

After discovering the information breach, FPG locked each 3rd enactment accounts and secured each wallets. The firm’s relationship segregation constricted the wide interaction of the attack, it said.

“We person ceased trading, deposits and withdrawals, retired of an abundance of caution,” an FPG spokesperson said via nonstop message. “We are moving with the FBI, the Department of Homeland Security, our regulators and Chainalysis to recognize however this occurred and to retrieve assets.”