FPG lost $20 million as a result of a cyberattack

Jun 15, 2023
Floating Point Group (DPG) trading platform has suspended trading, deposits and withdrawals. This decision was made due to a cyberattack on Sunday, as a result of which $20 million worth of cryptocurrencies were stolen.
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After discovering a security breach, FPG blocked all third-party accounts and protected all wallets. According to the experts of the trading platform, the separation of the company’s accounts limited the overall impact of the attack.

Currently, FPG is working closely with the FBI, the Department of Homeland Security, regulators and Chainalysis to clarify the circumstances and refund the funds. Details of the investigation have not yet been disclosed.

Hacks are quite common in the crypto industry, which can happen to almost any company. Last December, FPG hired external auditors to verify cybersecurity and penetration testing and successfully received the SOC 2 certificate. The hacker cyberattack occurred six months after receiving the certificate.