BitGrail to Operate Only a Few Hours After Reopening

Italian crypto exchange closed due to "deed by the court of Florence
03 May 2018   959

The Italian exchange BitGrail again suspended its activity, opening for only a few hours.

BitGrail Twitter
BitGrail Twitter

The exchange was involved in a scandal with the loss of 17 million Nano tokens (XRB) under suspicious circumstances in February. At 13:00 GMT, BitGrail reopened all its markets except for Nano for users, but as early as 16:12 GMT the company said that it is closing again.

This morning, following the re-opening, we were notified of a deed by the court of Florence requesting the immediate closure of BitGrail and this situation will persist until a decision is made by the courts, about the precautionary suspension request made by the Bonelli law office on behalf of a client.
The decision is scheduled for May 16 2018.

Even though we don't agree with this decision, we are obliged to respect the law and to suspend any BitGrail business immediately.

BitGrail Team

The owner of BitGrail Francesco "The Bomber" Firano continues to insist that tokens from his exchange were stolen by sending "unauthorized transactions", which became possible due to the vulnerabilities of the Nano protocol. Developers of Nano in turn declare that the exchange went bankrupt long before the official announcement in February.

Meanwhile, Firano tries to avoid bankruptcy, arguing that this scenario will be "the worst for everyone who is involved in this situation," and will not help the affected users to recover their money.

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   281

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.