Crypto prime brokerage Floating Level Group (FPG) misplaced over $15 million in cryptocurrencies to a June 11 cyber safety incident, in keeping with a June 14 assertion.
FPG introduced that it had halted buying and selling, deposits, and withdrawal actions in response to the incident and has contacted regulation enforcement businesses for help.
FPG said it had instantly locked all third-party accounts and secured all wallets upon discovery of the assault. Based on the agency, this measure would stay in place till it “higher understands the scope and circumstances of this incident.”
FPG stated:
“We’re working with the FBI, the Division of Homeland Safety, our regulators, and Chainalysis to know how this occurred and to recuperate belongings. As that is an ongoing investigation with regulation enforcement, we can not share specifics right now.”
FPG has not disclosed which cryptocurrencies had been stolen throughout the incident and has not but offered additional feedback to CryptoSlate’s request as of press time.
Final yr, FPG stated it earned a SOC 2 certification after a sequence of cybersecurity audits and penetration testing from an intensive audit by Prescient Assurance. On the time, the corporate additionally stated it engaged the companies of CertiK, a blockchain safety agency, for a complete cybersecurity audit of its FlowVault platform.
FPG, based on the Massachusetts Institute of Expertise, has acquired backing from high-profile buyers akin to Tribe Capital and Coinbase Ventures, as reported by Wu Blockchain.
The agency’s web site doesn’t present an inventory of its purchasers. Nevertheless, it states that its clients handle over $50 billion.
FPG is a crypto prime brokerage platform offering establishments entry to centralized and decentralized crypto companies by its Flowvault product.
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