Chilean Court ordered Banks to unlock Crypto Exchanges

Major Chilean cryptocurrency exchange Buda has convinced a court to prescribe the re-opening of its accounts at two major Chilean banks
26 April 2018   835

The ruling was issued on Chile’s anti-monopoly court website. According to the order,  state bank Banco del Estado de Chile and Itau Corpbanca are to re-open Buda’s accounts while the exchange’s lawsuit proceeds against 10 banks, including the two above-mentioned. Buda sued the banks after what it said was an unreasonable closing of its accounts.

Earlier this month, a group of exchanges in Chile filed legal claim against the banks’ decision to shutter their accounts. Buda, Orionx, and CrytpoMarket say that the banking system has taken unilateral action in Chile that’s “killing the entire industry.”

Buda CEO declared that while Chile would like to reveal itself as open company which is liberal to new technologies:

Chile is showing its "B" side, that of being an extremely conservative country, even though we make huge efforts for the world to see us as liberals. There hasn't been one regulator, legislator or government official saying that cryptocurrencies aren’t legal, it was just the decision of a very powerful sector of the economy: the banking industry.
Guillermo Torrealba, CEO, Buda

According to Buda CEO, despite an outcry in the media and on Twitter, banks deny to respond. He claims that the strong banking sector is making the cryptocurrency environment worse than Ecuador, Bolivia, or China. Torrealba underlined that there are no laws, rulings, or legislation that obstruct  crypto firms to operate normally, rather the banking sector has taken on the role of a hegemonic regulator.

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   344

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.