Binance to Start US Expansion

Site operator and US partner of the exchange BAM Trading is registered with FinCEN as a money transfer operator, but it operates only in California
14 June 2019   509

Binance in partnership with BAM Trading Services will open the US division called Binance US.

Note that BAM Trading, which will act as the site operator, is registered with FinCEN as a money transfer operator, however, it operates only in the territory of California.

We are excited to finally launch Binance.US and bring the security, speed, and liquidity of Binance.com to North America. Binance.US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance.
 

Changpeng Zhao

CEO, Binance

BAM Trading involves the mechanisms of the match and the principles of working with wallets that are implemented on the parent platform.

It is worth adding that FinCEN did not verify the information provided by BAM Trading, and the fact of registration is not a recommendation, confirmation of legality (activity) or direct support of a business by a government department.

From September 12, the parent platform Binance.com will stop serving American users.

At the same time, the exchange will no longer serve users who violate the provisions of the Terms of Use: they will retain access to their wallets with funds, but will not be able to trade.

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   276

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.