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   342

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.

Binance to Open London Office

According to the Changpeng, the decision to open an office in the UK is dictated by regulations recently introduced by the UK FCA, which is "very positive"
08 August 2019   223

Binance Cryptocurrency Exchange intends to open a new office in London in the near future. This was stated by the head of the company Changpen Zhao in a conversation with CoinDesk.

According to the head of the popular exchange, the decision to open an office in the UK is dictated by regulations recently introduced by the UK Financial Regulatory and Supervisory Authority (FCA), which Zhao called "very positive."

I hope we can open an office in London very soon. There is more regulatory certainty now which is good. I thought the U.K. regulation was very neutral and very positive; they were a little bit strict on the derivatives part which I hope they will be more flexible about.
 

Changpeng Zhao

CEO, Binance

Binance's European expansion began last year. So, first the exchange opened a division in Malta, and then on the island of Jersey.