Kucoin to sent Unefficient Tokens for a Timeout

Kucoin exchange has devised a new method of dealing with underperforming tokens: inspite of being delisted, the tokens will be sent to a “special treatment area”
04 May 2018   1535

Once placed on the token equivalent of the naughty step, they will be given an  opportunity to buck up or risk being permanently removed. Cryptocurrency that display a low trading volume can expect placement in a special treatment (ST) area by Kucoin.

As well as tokens whose team run into legal difficulties or go AWOL. It’s the first step towards delisting, though assets will get a chance to earn a reprieve. Coins that are moved to the ST zone will have a special mark giving the traders notice that there’s a risk of removal.

Kucoin’s new policy has been supported by many traders, as it adds transparency and provides warning of assets that can be purged. A number of exchanges delist coins at short notice and with little or no explanation. 

Kucoin named 8 reasons why a token may be moved to ST area. Among them:
1. Negative Trading Volume for some period of time.
2. Stop of business activities for 3 months.
3. In liquidation, insolvent, bankrupt or otherwise subject or in a position to become subject to bankruptcy proceedings.
4. Negative views by the company auditor.
5. Inability to submit the updates reports in accordance with the requirements of the Exchange in terms of project development, status of the team and status of listing entity for a consecutive certain period of time.
6. The team of the project is seemed to be fired.
7. Any act supposed as malicious operation to the market.
8. Any other situation as determinate by the Exchange from time to time.

During the resent few months Kucoin is being adding tokens faster than any other major exchange. It is probably caused by the platform’s willingness to accept virtually any token that it now finds itself having to remove the worst performers.

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   288

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.