Brazil XP Investimentos to start Cryptocurrency Exchange

Brazilian large investment firm XP Investimentos is reportedly going to launch a cryptocurrency exchange
18 April 2018   1074

XP Investimentos has recently registered XDEX INTERMEDIACAO LTDA, whose official capital is of about $7.3 million. Available data reveals  in August 2017 the new company was initially registered as XP COIN INTERMEDIACAO. In November, when most cryptocurrencies began rising, the exchange received capital and turned to XDEX. This year earlier , it gained about 80 percent of its $7.3 million.

As it was declared by the local news outlet Portal do Bitcoin, data from the Department of Federal Revenue illustrates the company is related to XP Investimentos. At press time its website, Xdex.com.br, is currently ineffective.

While not much is known about the new crypto exchange, the local news outlet claims an unnamed source showed it’ll center on over-the-counter trading.

XP Investimentos has evidently been examining the crypto space for a while, as back in October 2017 it was discovered it registered the “XP Bitcoin” brand. Presently, a local news outlet inquired the company, which then revealed it was studying cryptocurrency markets. One month later, the investment giant employed Fernando Ulrich (Brazilian cryptocurrency expert).

This happens at a period of time in which Brazil’s cryptocurrency exchanges and businesses created competing cryptocurrency associations. The two “rival” associations haven’t yet determined about how cryptocurrencies should be regulated in the country.

The investment firm`s step may come at the right time. Brazil’s largest cryptocurrency exchange Foxbit recently went down for over 72 hours, as some users were able to take benefits of the company’s withdrawal system to duplicate 130 withdrawals. Foxbit later restored and started processing withdrawals during its downtime, before coming back online.

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.