Chinese Central Bank Mail Hacked for Fake Mailing

Hackers used the email box under the government domain to spread panic on the market
08 February 2018   545

The US media reported that the Hong Kong Monetary Authority (HKMA) and the People's Bank of China (PBOC) allegedly intend to jointly take decisive action against "all aspects and services associated with bitcoin trade in the territory of mainland China and Hong Kong."

The e-mail states that PBOC and HKMA will announce the introduction of new measures to counter money laundering in Beijing on February 14 as part of a policy to combat "all services associated with virtual currencies and the activities of individuals and legal entities, including market makers, mining operators, trading platforms and wallets. "

Representatives of regulators in Beijing and Hong Kong reported that the holding of such an event in their plans is not included. About this writes South China Morning Post.

The letter that was at the disposal of the publication was sent from the address "@". Due to this fact, people believed it. The owner of the box was an employee of one of the offices of the Central Bank of China. He said that he had no idea about the letters sent from his mailbox, which, he said, was hacked.

Analysts suggest that the box was hacked in order to exert negative pressure on the market by cryptocurrency hackers who could take short positions in bitcoin and thus expected to earn.

I’m not sure it always works, but especially when they can make use of mistranslations and ambiguities, I’m sure they can spread a bit of panic. The ruse is effective especially in an immature market with a very low barrier to entry, and where there are many day traders who might be manipulated that way.

Leonhard Weese

President, Hong Kong bitcoin association. 

At the beginning of the week, the Chinese government edition really announced the introduction of new restrictions for crypto-currency traders.

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   82

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.