Huobi Exchange to Open Office in San Francisco

The company is looking to grow internationally and “the U.S. will be our focus right now”, said Chief strategy officer of Huobi
31 January 2018   187

Huobi Pro, the international division of the once popular Chinese exchange announced its plans to launch an office in San Francisco. 

Cai Kailong, Chief strategy officer, revealed the move on January 26 at the USA — China blockchain conference Blockchain Connect, saying he came to the U.S. the week prior to help set it up. Cai also said that Huobi is looking to grow internationally and that “the U.S. will be our focus right now.”

A spokesperson for Huobi confirmed that the company is building a new headquarters in the Silicon Valley area, but the representative did not offer any further details the office's purpose.

Last month, we have reported Huobi Group partnered with SBI Holdings, a financial services company group based in Tokyo, to launch a pair of cryptocurrency exchanges in Japan in order to offer yen-based services and to develop the cryptocurrency-related business in the Asian region.

Huobi Pro also announced on January 23 that the company plans to launch its own cryptocurrency, called Huobi Token (HT).

Tesla's cloud account hacked to mine cryptocurrency

Independent security group discovered Tesla's cloud account being hacked and infected with a miner-virus
21 February 2018   23

Cryptocurrencies are on the rise and all sorts of shady characters are trying to get in with dubious methods. Recent string of hacking attacks is a perfect example. And now not only exchanges and users with their hard-earned coins are in danger, but also companies with large cloud infrastructure face the same threat.

RedLock, a security research firm, reports that electric car manufacturer Tesla's cloud account information has been leaked to the internet, which allowed hackers to access the company's cloud. It has been hacked and hardware infected with a miner virus called Stratum. The mining protocol masks itself with low CPU usage and obscuring the IP of the mining server.

Of course, RedLock immediately contacted Tesla with this information and the company quickly got to fixing the breach. Tesla's spokesperson assured us that customer personal information hasn't been compromised, and that the vulnerability was patched in a matter of hours. Only small test park of internally-used engineering sample cars has been impacted and no indication whatsoever discovered that actual customer cars have been compromised in any way.

It certanly looks possible, because according to the same RedLock Cloud Security Intelligence group mining profitability of Tesla's cloud is worth a lot more that all the customer data available could be sold for on the black market. This also isn't the first instance of such a hack with no data being stolen. In fact, hacks with intention of hijacking mining capacity has already targeted Gemalto, a world's largest SIM-card manufacturer, and Aviva, a British insurance company, just to name a few.