Institutional Cryptocurrency Dealer FPG Suspends Withdrawals Following $20 Million Cyberattack

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Crypto brokerage Floating Level Group (FPG) has confirmed that it has suspended buying and selling, withdrawals and deposits on its platform after being hit by a cyberattack on June 11. FPG estimates that the assault brought on a complete lack of $15 million to $20 million.

In keeping with a June 15 tweet on FPG’s official Twitter account, FPG locked all third-party accounts and migrated wallets as soon as it found the safety breach. After that, buying and selling, deposits and withdrawals had been suspended attributable to “strict vigilance”.

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