Ontario Watchdog to Gather Info on Crypto Exchanges

According to representative of Ontario Securities Commission they received a "number of complaints" on exchanges
09 April 2018   920

Ontario Securities Commission (OSC) began to study the activities of local crypto exchanges. According to OSC representative Kristen Rose, the agency received a "number of complaints" on platforms selling cryptocurrencies that can be qualified as securities. This is reported by CoinDesk.

These platforms,  and any businesses that allow coins/tokens that are securities to trade on them, may be offside securities laws.
 

Kristen Rose

Representative, OSC

In accordance with local laws, exchanges are required to file an application with the OSC and be officially recognized. Thus, companies should document various aspects of their activities, including principles of corporate governance, commissions, necessary requirements for access to services and so on.

According to the publication, none of the platforms that are currently studying the OSC, is not legally recognized in Ontario. At the same time, the Commission notes that this is not yet a full-scale investigation, because at the moment "gathering information about [the platforms'] activities."

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.