Closer Exchange Oversight 'Common Sense', Monex CEO Says

Oki Matsumoto believes that Japanese cryptocurrency exchanges are close to banks and stricter regulations is common sense for him
23 April 2018   936

CEO of Monex Group, Japan's third-largest online broker, believes that control over the crypto exchanges, including the recently acquired Coincheck should be toughened in Japan. This is reported by Coindesk.

Japan's exchanges do both matching and custodial services - they're close to a bank. To someone in the financial industry like myself, it's common sense that regulations will get stricter.
 

Oki Matsumoto

CEO, Monex

Rumors that Monex is going to buy the Japanese exchange Coincheck, which lost more than $ 500 million as a result of hacking at the beginning of the year, appeared in early April.

Later, Monex confirmed the information on the purchase, saying that it would buy out 100% of the company's shares and appoint Toshihiko Katsuyu as its head. On the same day it became known that Monex will hold an IPO for Coincheck, which as a result will be the first Japanese crypto exchange to enter the stock markets.

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   388

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.