Attorney General of NY to Send Inquiries to 13 Exchanges

Not later than May 1 of this year 13 trading floors will have to answer questions concerning different aspects of its activity
18 April 2018   1066

New York State Attorney General Eric Schneiderman sent inquiries to the largest cryptocurrency exchanges demanding disclosure of information about the activities of these companies, urging them to greater transparency and accountability to clients. This is reported in a press release on the Prosecutor General's website.

With cryptocurrency on the rise, consumers in New York and across the country have a right to transparency and accountability when they invest their money. Yet too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms. Our Virtual Markets Integrity Initiative sets out to change that, promoting the accountability and transparency in the virtual currency marketplace that investors and consumers deserve.

Eric Schneiderman

Attorney General, New York State

The following trading platforms were included in the mailing list: Coinbase, Inc. (GDAX); Gemini, bitFlyer USA, Inc., iFinex Inc. (Bitfinex), Bitstamp USA Inc., Payward, Inc. (Kraken), Bittrex, Inc., Circle Internet Financial Limited (Poloniex LLC), Binance Limited, Elite Way Developments LLP (, Gate Technology Incorporated (, itBit Trust Company and Huobi Global Limited (Huobi. Pro).

Not later than May 1 of this year, the aforementioned trading floors will have to answer questions concerning:

  1. Ownership and Control,
  2. Basic Operation and Fees,
  3. Trading Policies and Procedures,
  4. Outages and Other Suspensions of Trading,
  5. Internal Controls,
  6. Privacy and Money Laundering

Also, platforms will need to describe their approaches to counteracting market manipulation, disclose policies regarding trade robots, as well as information on measures to protect against theft, fraud and other risks.

China to Finance Hacker Attacks on Exchanges, - FireEye

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period
08 August 2019   266

The hacker group APT41 attacks companies in the areas of healthcare, telecommunications, fintech, media, and cryptocurrency exchanges. This activity is funded by the Chinese government, according to analysts of cybersecurity company FireEye.

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period.

Industries Targeted by APT41
Industries Targeted by APT41

At the same time, APT41 pursues its own goals, extracting financial benefits from attacks, which is unusual for other groups under the Chinese government, according to FireEye.

APT41 is known to include at least two people with the pseudonyms Chzan Xuiguan and Wolfji. The group probably has connections with other hacker organizations like BARIUM and Winnti.

FireEye also evaluated at what time of the day the APT41 attacked the gaming industry (its core target) and businesses from other areas. It turned out that this was happening outside the framework of a standard working day - probably these people, among other things, have the main job.

APT41 Operational Times
APT41 Operational Times

According to the UN Security Council, hackers under the DPRK government stole about $ 2 billion from banking institutions and cryptocurrency exchanges.