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Crypto Broker FPG Suspends Services After $15 Million Cyberattack

Floating Point Group (FPG), a crypto prime brokerage, has suspended all withdrawals, deposits, and trading on its platform after suffering from a $15 million cyberattack over the weekend. The firm said in a Twitter thread on Wednesday that although it had managed to limit the overall impact of the attack, operations were still being suspended “out of an abundance of caution.” The cyber-attack on FPG happened on Sunday, and the firm said it led to a loss “as we understand it today” of between $15 and $20 million worth of crypto. The crypto broker noted, however, that the exact loss is “still being investigated and analyzed.”

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