June 15 (Cointime) - Crypto prime brokerage Floating Point Group (FPG) has suspended trading, deposits, and withdrawals following a cyber security incident. The company has locked all third-party accounts and secured all wallets while working with third-party forensics experts, law enforcement, and regulators to investigate the incident and recover assets.

FPG's account segregation limited the overall impact of the attack, but the loss is estimated to be between $15 million and $20 million in cryptocurrencies.

FPG, which provides access to liquidity across markets for asset managers, has earned a SOC 2 certification and is backed by high-profile investors including Coinbase Ventures and SkyBridge Capital's Anthony Scaramucci.