Institutional crypto broker fpgcrypto has confirmed it has halted customer withdrawals and deposits after suffering a cyberattack that resulted in the loss of between $15 million and $20 million in funds.
Cryptocurrency brokerage firm Floating Point Group has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyberattack on June 11. FPG estimates the attack resulted in a total loss of between $15 million and $20 million.
According to a June 15 tweet from FPG’s official twitter account, upon discovering the security breach FPG locked all third party accounts and migrated wallets. It later halted trading, deposits and withdrawals out of “an abundance of caution.” 1/5 On Sunday, we experienced a cyber security incident. Upon discovery, we locked all third party accounts and migrated and secured all wallets until we better understand the scope and circumstances of this incident.Additionally, the firm noted that its account segregation “limited the overall impact” of the attack.
FPG is an international brokerage firm that provides institutional clients with access to crypto markets. According to itsThe latest development isn’t likely to bolster institutional appetite for the crypto sector, which has already been hit by
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