LocalBitcoins to Implement KYC Verification

Localbitcoins users allegedly have to verify their identity if they are trading “significant” volume 
18 April 2018   1349

The popular p2p-platform for buying and selling bitcoins LocalBitcoins, apparently, introduces mandatory verification for traders operating with significant amounts of funds. This is reported by Bitcoin News.

Despite the fact that the company has not yet made an official announcement, new changes in politics are briskly discussed in the social network Reddit.

LocalBitcoins Error Message
LocalBitcoins Error Message

A post on the Reddit forum /r/bitcoin showed a picture that stated a Localbitcoins user’s trade volume was “significant” this past year, and the trader had to verify their identity in order to keep trading.

In comments to the post on Reddit, crypto-enthusiasts share their views on the transition to an alternative p2p platform. Among the possible options - the Bisq site, Hodl Hodl and the P2P2 platform Paxful, which does not require the passage of KYC procedures.

As reported by Bitcoinist, rumors about the establishment of AML / KYC procedures for users of LocalBitcoins spread in January of this year, against the backdrop of a worldwide trend towards tightening regulation of cryptocurrency.

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   388

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.