Chinese crypto exchanges will be closed before 1.10

Ethereum Classic China laid out one of the documents, which, presumably, contains an appropriate order
15 September 2017   1427

According to incoming reports, all the existing crypto-exchange markets in China will be closed until the end of this month.

At the time of publication of official statements by the regulatory authorities of China was not received, but Twitter-account Ethereum Classic China (@ETCChina) laid out one of the documents, which, presumably, contains an appropriate order.

In addition, the Washington Post reporter Luna Lin wrote that until the end of today the stock exchanges OKCoin and Huobi will have to decide on the timing of the termination of exchange trading. Originally, Luna Lin published a tweet saying that OKCoin and Huobi were ordered to stop trading until the end of today, but then clarified that "decide by the end of today when they would stop trading."

Luna Lin added that the information is confirmed by the Chinese edition of Security News and also published a copy of the document that ETCChina previously laid out. The ETCC added a few details:

  1. All exchanges must submit a plan by September 20, according to which the users' funds will be withdrawn
  2. Also, by the specified date, exchanges must have a bank account on which users' funds will be stored
  3. Until 24:00 on September 15, exchanges must make statements in which the date of termination of trading will be indicated. Also from today, registration of new users should be stopped.

Also, a statement from yunbi released. It will close trading services on Sept. 20th.

Earlier today, the ViaBTC exchange announced its closure on September 30. On Thursday, a similar decision was made by the BTCC, one of the largest cryptoexcnhe in China.  

Chinese Miners to Fall Victims of Ransomware

Looks like ransomware came together with "improved" firmware, that should "overclock" device
21 January 2019   79

In China, a ransomware spreads, victims of which are Bitcoin miners. The damage from its activities is measured in tens of thousands of dollars. This is reported by Trustnodes.

The virus infects miners, released by Bitmain, and requires you to send 10 bitcoins, otherwise threatening to cause overheating of the device.

The problem is solved by formatting the SD card of the infected device, however, as Trustnodes notes, the whole process can take up to four days, while malicious software rapidly spreads to the other miners.

Compromised device
Compromised device

Probably, the virus comes with an "improved" firmware for miners. Some owners install such firmware to “overclock” their ASIC devices and improve their performance.

The first messages about the virus refer to August last year. In particular, Antminer S9, T9 and even L3 + for Litecoin were attacked. Over time, the malware has been improved. Now its distributor himself can decide when to display a message requesting a ransom. One miner also said that one night the address to which the 4,000 devices belonging to him sent the mined cryptocurrency was changed to the address of the hacker, which brought him $ 8,000.