CRYPTO PRIME BROKER FPG LOSES UP TO $20M IN CYBER ATTACK

Summary from the TLDR Crypto newsletter

Floating Point Group (FPG), a crypto-focused institutional trading desk, was hit by a cyber attack, leading to a loss of approximately $15-20 million in crypto. The firm was successfully targeted despite having implemented cybersecurity measures, including obtaining a SOC 2 certification. Post-attack, FPG locked all third-party accounts, secured wallets, and temporarily halted trading, deposits, and withdrawals. FPG is now collaborating with the FBI, the Department of Homeland Security, regulators, and Chainalysis to investigate the breach and work towards asset recovery.