An institutional trading desk that specialises in cryptocurrencies called Floating Point Group (FPG) had a cyberattack on Sunday, June 11, which cost them between $15 million and $20 million in cryptocurrency, a company spokeswoman informed CoinDesk.
In the crypto industry, hacks and breaches are quite frequent incidents that can affect virtually any company. However, FPG had taken precautions to make sure it was secure. In December of last year, the company hired independent auditors for a series of cybersecurity audits and penetration tests, which were successful in earning the company a SOC 2 certification.
FPG secured all wallets and closed all third-party accounts after learning about the security flaw read more Crypto Prime Broker FPG Loses Up to $20M in Cyber Attack.
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