5/5 We will provide updates as they become available. Right now we are working around the clock to investigate this incident, ensure the security of our systems, and recover assets.

4/5 We are working with the FBI, the Department of Homeland Security, our regulators, and Chainalysis to understand how this occurred and to recover assets. As this is an ongoing investigation with law enforcement, we cannot share specifics at this time.

3/5 While the loss at this point is still being investigated and analyzed, the number as we understand it today is between $15M-$20M in cryptocurrencies lost.

2/5 Our account segregation limited the overall impact of the attack. We have ceased trading, deposits, and withdrawals, out of an abundance of caution. Finally, we have notified law enforcement and are actively cooperating with them on this matter.

1/5 On Sunday, we experienced a cyber security incident. Upon discovery, we locked all third party accounts and migrated and secured all wallets until we better understand the scope and circumstances of this incident.

We will be joined by @goelAnisha, Head of Grants & Partnerships at @perpprotocol for this one. Perpetual Protocol is an on-chain perpetual futures DEX with deep liquidity and builder-ready composability, for world-class crypto trading needs.

June 8, 10 AM SGT/HKT. SAVE THE DATE! 🚨 FPG is proud to partner with @perpprotocol and to present the next edition of our Webinar Series. Please use the link to register for a robust conversation on all-things DeFi: https://t.co/AUQ3wSUQX2

Banking rails, Binance, airdrops... what do the next few weeks hold for crypto players & stakeholders? Review our thoughts in today's edition of FPG's Weekly Perspective:

After a week of wild news, $BTC sees highest prices since June 2022. See what's contributing to it in this week's edition of FPG's Market Insights:

Stablecoins are perhaps the most critical piece of infrastructure of the cryptocurrency markets today. This week, FPG cofounder @cryptokev42 commented on @WSJ's article by @Vlajournaliste on the impact of the destabilization of USDC. https://t.co/fgqFn4mYz3

See this week's insights from FPG's Trading Desk. The US experienced its 2nd-largest banking failure in history over the past few days. See why:

See this week's note from the trading desk at FPG. While the macro environment weakens the crypto markets, Ethereum subtly outperforms. See why: https://t.co/mD3MVtby7G

Join us later today for FPG cofounder and CEO @john_peurifoy's conversation on the institutional landscape following FTX and the changes it has caused! Register below for the Digital Currency Summit: https://t.co/YvjQKnynCd

https://t.co/23QQ2PpwZH

Join us tomorrow for a conversation with @CartanGroup's founder @caruanab and our cofounder @CryptoKev42 on DAO management. feb 16th at 1pm EST, sign up below 👇

Catch the latest newsletter from FPG's trading desk! This week is likely to be another volatile one with an upcoming CPI print, numerous crypto unlocks, and the market reaction from the SEC BUSD enforcement action. https://t.co/HnVfGVEXOb

FPG's Co-Founder, @CryptoKev42, spoke about risks to avoid with crypto counterparties on @LizClaman's 'Claman Countdown' live on @FoxBusiness. Watch: https://t.co/bwECrgMGt5 #cryptomarket #cryptocurrency #FTX #Bitcoin #ethereum #blockchain #cryptotrading

7. Going forward, we will continue to advocate for both technical and regulatory/policy solutions to a safer trading experience for all ecosystem participants.

6. FTX International has filed for chapter 11 bankruptcy in the U.S. This includes their Antiguan entity FTX Trading LTD which served as the custodian for the funds. As creditors, in a few months, we will receive and respond to a proof of claim form to be used in the proceedings.

5. Because of this, rehypothecation is structurally impossible. We’re the custodian of those funds, they’re not FPG’s balance sheet. Our customer’s funds are safe and we remain 100% liquid to meet customer withdrawals.