FPG Security Vulnerability: $20.00M Reported Loss
A spokesperson for Floating Point Group (FPG), a trading platform for crypto institutions, said it was hit by a cyber attack on June 11 and has lost between $15 million and $20 million in cryptocurrency. fpg has taken security measures and successfully obtained SOC 2 certification after hiring external auditors to conduct a series of cybersecurity audits and penetration tests last December.
- Reported loss
- $ 20,000,000
- Attack category
- Security Vulnerability
Incident Overview
After the security breach was discovered, FPG froze all third-party accounts and implemented protective measures for all wallets. The company's account isolation measures limited the overall impact of the attack.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.