CoinMarketCap to Fight Fake Volumes

CMC starts to track traffic from cryptocurrency exchange sites, cold and hot wallet balances, as well as liquidity indicators
26 March 2019   487

The popular analytical resource CoinMarketCap (CMC) has confirmed that the information on fake trading volumes on cryptocurrency exchanges is true. The site intends to introduce new metrics to combat inaccurate data.

Now CMC will track traffic from cryptocurrency exchange sites, cold and hot wallet balances, as well as liquidity indicators. Thus, users will be able to assess the ratio of trading volumes and actual liquidity themselves, and draw their own conclusions.

CMC also urged users to make suggestions for improving the site.

Last week Bitwise Asset Management sent a report to the Securities and Exchange Commission of the United States (SEC) about the falsification of trading volumes by unregulated cryptocurrency exchanges. Bitwise analysts have concluded that 95% of the indicators do not correspond to reality.

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   262

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.