Crypto prime broker FPG loses $15M+ in cyber attack, halts trading and withdrawals

Crypto premier brokerage Floating Point Group (FPG) mislaid implicit $15 cardinal successful cryptocurrencies to a June 11 cyber information incident, according to a June 14 statement.

FPG announced that it had halted trading, deposits, and withdrawal activities successful effect to the incidental and has contacted instrumentality enforcement agencies for assistance.

FPG stated it had instantly locked each third-party accounts and secured each wallets upon find of the attack. According to the firm, this measurement would stay successful spot until it “better understands the scope and circumstances of this incident.”

FPG said:

“We are moving with the FBI, the Department of Homeland Security, our regulators, and Chainalysis to recognize however this occurred and to retrieve assets. As this is an ongoing probe with instrumentality enforcement, we cannot stock specifics astatine this time.”

FPG has not disclosed which cryptocurrencies were stolen during the incidental and has not yet provided further comments to CryptoSlate’s petition arsenic of property time.

Last year, FPG said it earned a SOC 2 certification aft a bid of cybersecurity audits and penetration investigating from an extended audit by Prescient Assurance. At the time, the institution besides said it engaged the services of CertiK, a blockchain information firm, for a broad cybersecurity audit of its FlowVault platform.

FPG, founded astatine the Massachusetts Institute of Technology, has received backing from high-profile investors specified arsenic Tribe Capital and Coinbase Ventures, arsenic reported by Wu Blockchain.

The firm’s website does not amusement a database of its clients. However, it states that its customers negociate implicit $50 billion.

FPG is simply a crypto premier brokerage level providing institutions entree to centralized and decentralized crypto services done its Flowvault product.

The station Crypto premier broker FPG loses $15M+ successful cyber attack, halts trading and withdrawals appeared archetypal connected CryptoSlate.