Crypto-to-Crypto Trading to be launched at Zebpay

Leading Indian cryptocurrency exchange, Zebpay, has presented crypto-to-crypto trading on its platform
25 April 2018   1062

Indian exchange Zebpay has started its first crypto-to-crypto trading pair. Instituted in 2015 and headquartered in Mumbai, Zebpay states to be India’s largest cryptocurrency exchange. In March, the firm declared that its app had more than 3  million downloads, “making it the most downloaded cryptocurrency app on both iOS and Android in India.”

Zebpay is excited to announce the launch of crypto-to-crypto trading. Now, you can easily exchange one cryptocurrency for another…The first pair we’re introducing is ETH/BTC. More crypto pairs coming soon. Crypto-to-crypto trading feature will be available in the new app update: Android version 2.0.14 and iOS version 2.0.24. 
Zebpay, Cryptocurrency Exchange, India

Crypto-to-crypto trading startup at Zebpay ensues the statements by the Reserve Bank of India (RBI), according to which banks and financial institutions under its regulation are prohibited from providing services to cryptocurrency exchanges.

The exchange representatives also declare they stay committed to keeping customer funds and assets secure, and are researching different options:

However, a sudden disruption in banking services could affect our ability to service deposits and withdrawals, until banking services are restored. Please keep this risk factor in mind while making your investment decisions. 
Zebpay, Cryptocurrency Exchange, India

The crypto community has been increasing in India. According to Zebpay, while it is estimated that 10 million Indians are investing in financial markets, 5 million Indians are claimed to be trading cryptocurrencies.

Looking at the Indian milieu, people have started looking at cryptocurrencies not only as an investment option but as a technology that is about to change the future of money. 
Mahin Gupta, CTO, Zebpay

Last month the exchange also collaborated with one of India’s largest tax filing platforms in order to help taxpayers with crypto-related taxes.

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   452

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.