Cryptocurrency brokerage agency Floating Level Group (FPG) has suspended all actions on its platform, together with buying and selling, withdrawals, and deposits, following a cyberattack on June 11 that resulted in an estimated lack of between $15 million to $20 million.
The affirmation by the platform got here right now (Thursday) with a tweet. The crypto brokerage platform locked all third-party accounts and migrated wallets upon the invention of the breach. The suspension of the buying and selling, withdrawals, and deposits got here as a consecutive step as “an abundance of warning.” It additional highlighted that the segregated accounts on its platform had restricted the impression of the assault.
2/5 Our account segregation restricted the general impression of the assault. We’ve ceased buying and selling, deposits, and withdrawals, out of an abundance of warning. Lastly, we now have notified legislation enforcement and are actively cooperating with them on this matter.
— Floating Level Group (@fpgcrypto) June 14, 2023
Floating Level Group operates internationally and permits its institutional shoppers to entry the cryptocurrency markets. The corporate and its shoppers have $50 billion in property, in response to the FPG web site.
The brokerage additionally took steps towards safeguarding from hacks and reaches by acquiring the SOC 2 certification final December, which got here after a session with cybersecurity agency Prescient Auditors. The SOC 2 certification ensures the general security of the corporate’s inner information controls.
Investigation Is Ongoing
The platform is now investigating the safety breach. It has additionally approached US legislation enforcement companies, together with the Federal Bureau of Investigation, the Division of Homeland Safety, and likewise regulators.
“As that is an ongoing investigation with legislation enforcement, we can’t share specifics at the moment,” FPG said in one of many tweets.
“We’ll present updates as they develop into obtainable. Proper now, we’re working across the clock to analyze this incident, make sure the safety of our programs, and recuperate property.”
5/5 We’ll present updates as they develop into obtainable. Proper now we’re working across the clock to analyze this incident, make sure the safety of our programs, and recuperate property.
— Floating Level Group (@fpgcrypto) June 14, 2023
Cryptocurrency brokerage agency Floating Level Group (FPG) has suspended all actions on its platform, together with buying and selling, withdrawals, and deposits, following a cyberattack on June 11 that resulted in an estimated lack of between $15 million to $20 million.
The affirmation by the platform got here right now (Thursday) with a tweet. The crypto brokerage platform locked all third-party accounts and migrated wallets upon the invention of the breach. The suspension of the buying and selling, withdrawals, and deposits got here as a consecutive step as “an abundance of warning.” It additional highlighted that the segregated accounts on its platform had restricted the impression of the assault.
2/5 Our account segregation restricted the general impression of the assault. We’ve ceased buying and selling, deposits, and withdrawals, out of an abundance of warning. Lastly, we now have notified legislation enforcement and are actively cooperating with them on this matter.
— Floating Level Group (@fpgcrypto) June 14, 2023
Floating Level Group operates internationally and permits its institutional shoppers to entry the cryptocurrency markets. The corporate and its shoppers have $50 billion in property, in response to the FPG web site.
The brokerage additionally took steps towards safeguarding from hacks and reaches by acquiring the SOC 2 certification final December, which got here after a session with cybersecurity agency Prescient Auditors. The SOC 2 certification ensures the general security of the corporate’s inner information controls.
Investigation Is Ongoing
The platform is now investigating the safety breach. It has additionally approached US legislation enforcement companies, together with the Federal Bureau of Investigation, the Division of Homeland Safety, and likewise regulators.
“As that is an ongoing investigation with legislation enforcement, we can’t share specifics at the moment,” FPG said in one of many tweets.
“We’ll present updates as they develop into obtainable. Proper now, we’re working across the clock to analyze this incident, make sure the safety of our programs, and recuperate property.”
5/5 We’ll present updates as they develop into obtainable. Proper now we’re working across the clock to analyze this incident, make sure the safety of our programs, and recuperate property.
— Floating Level Group (@fpgcrypto) June 14, 2023
