Gemini to Use Nasdaq's Market Surveillance Technology

Latest development of NASDAQ is called SMARTS Market Surveillance, this technology is considered the most widespread system of trade monitoring in the world
26 April 2018   981

Founded by the Winklewoss brothers, Gemini exchange announced a partnership with Nasdaq, within which will use the latest SMARTS Market Surveillance technology to track trading manipulations.

According to the official message, this technology is considered the most widespread system of trade monitoring in the world, and thanks to it Gemini will be able to track all its trading pairs, including BTC / USD, ETH / USD and BTC / ETH.

In addition, SMARTS Market Surveillance will help Gemini monitor activity during daily bitcoin-closing auctions, which determine the price of Bitcoin XBT futures contracts traded on the Chicago stock exchange of Cboe derivatives.

Since launch, Gemini has aggressively pursued comprehensive compliance and surveillance programs, which we believe betters our exchange and the cryptocurrency industry as a whole. Our deployment of Nasdaq's SMARTS Market Surveillance will help ensure that Gemini is a rules-based marketplace for all market participants.
 

Tyler Winklevoss

CEO, Gemini

It should be noted that Gemini was the first major representative of the bitcoin industry, which decided to use a specialized solution to monitor the behavior of participants and determine suspicious activity.

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   258

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.