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items: Crypto Prime Broker Loses Millions in Cyber Attack

Crypto Prime Broker Loses Millions in Cyber Attack
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description: Crypto Prime Broker Loses Millions in Cyber Attack "Cryptocurrency Exchange Hacked: Millions of Dollars Stolen" Meta Description: Crypto prime broker FPG loses $20M in a cyber attack. The attack raises questions about the security of cryptocurrency exchanges. . cyber-attack . In a major blow to the cryptocurrency industry, a leading crypto prime broker has lost millions of dollars in a cyber attack. Floating Point Group (FPG), a firm that provides liquidity and trading services to institutional investors, announced on June 14 that it had been hacked and that hackers had stolen up to $20 million worth of cryptocurrency. The attack is a major setback for the cryptocurrency industry, which has been hit by several high-profile hacks in recent years. It also raises questions about the security of cryptocurrency exchanges and the ability of the industry to protect its users from cybercrime. How did the attack happen? FPG said that the hackers had gained access to its systems through a phishing attack. In a phishing attack, hackers send emails that appear to be from a legitimate source, such as a bank or cryptocurrency exchange. The emails often contain links that, when clicked, install malware on the victim's computer. Once the malware is installed, it can give the hackers access to the victim's computer and its files. In this case, the hackers sent phishing emails to FPG employees. The emails appeared to be from a legitimate source, such as FPG's IT department. When FPG employees clicked on the links in the emails, they installed malware on their computers. The malware then gave the hackers access to FPG's systems. What was stolen? The hackers stole up to $20 million worth of cryptocurrency from FPG. The stolen cryptocurrency included Bitcoin, Ethereum, and Litecoin. The hackers stole the cryptocurrency from FPG's hot wallets. Hot wallets are used to store cryptocurrency that is readily available for trading. Hot wallets are typically connected to the Internet, which mak…
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date: 2026-07-30T08:32:45-00:00