Bittrex to Suspend Trading on 27.02

As reported, update is designed to speed up the order processing by 20 times and prepare platform for the new fuctions implementation
26 February 2019   840

On Wednesday, February 27, at 21:00 UTC, Bittrex cryptocurrency exchange plans to update the trading engine, for which it will temporarily disable access to wallets and suspend trading.

Deposit and withdrawal of funds will be unavailable within 24 hours, and trading will be suspended for up to three hours, starting at approximately 22:00 UTC.

The exchange also asks customers to take measures to complete or cancel partially executed orders, since they will be canceled during the update.

Also for an indefinite period, conditional orders and the automatic sale function will be disabled.

At the same time, Bittrex.com and International.Bittrex.com will remain available, customers will still be able to log in and check their balance sheets.

According to Bittrex, the planned update will speed up the processing of orders by 20 times and prepare the platform for the introduction of a number of additional functions during 2019:

  • Maker-Taker and other features for liquidity providers and high-volume traders
  • New ways to add fiat to your accounts 
  • Account management improvements (access to full transaction history, account statements, and more)
  • New order types and options, including Market Orders
  • More Flexible Conditional Orders which will eliminate the need for reserve funds when making conditional orders, allowing traders more flexibility without tying up money in conditional trades. (NOTE: Conditional Orders will be disabled until this updated functionality goes live)
  • And more

Additional information about the progress of the update will appear in real time on the official exchange page on Twitter.

Bittrex will also support updates to Constantinople and St. Petersburg. Petersburg in the Ethereum network.

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   262

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.