QuadrigaCX Assets Could be Send to Poloniex & Bitfinex

Zerononces team spotted 12 Ethereum wallets, which, according to their supposition, belong to QuadrigaCX
01 March 2019   516

Part of the missing assets of the Canadian cryptocurrency exchange QuadrigaCX may “with a high degree of probability” be on the Poloniex and Bitfinex exchanges. This was reported by the Zerononcense.

The authors of the report claim that they were able to track transfers in the amount of 649,708 ETH (about $ 100.4 million at the time of operations).

They spotted 12 Ethereum wallets, which, according to their supposition, belong to QuadrigaCX, and noticed that the last transactions from them were held on December 8, 2018, one day before the death of Gerald Cotten, founder of the exchange:

  • 0x0ee4e2d09aec35bdf08083b649033ac0a41aa75e
  • 0xd72709b353ded6c8068cc78988613587a4cae8de
  • 0xb6aac3b56ff818496b747ea57fcbe42a9aae6218
  • 0x027beefcbad782faf69fad12dee97ed894c68549
  • 0x45cab8d124fce8663581172c614f2ee08d01d48e
  • 0x696dd748a2edd9692ed93bd592dd2f293483eada
  • 0x0247bc4e03142079cfa2e3daf500722ed0f9a6b2
  • 0xd543154fb94528c4fc54b9c27128c2d86c6322be
  • 0x67fC93fD01A15D9FB02a80D0AE6207fB45625be4
  • 0xb90a82ec61627885eab72f4253939285ba40c91d
  • 0x79855af491352646e73bd12d7b92d6c814e71b4c
  • 0x57b727dc48b5d9261958e0fb9f94fa02dc328bf6

As reported, the joint analysis of MyCrypto CEO Taylor Monahan, Elementus and the author of the report suggests that Bitfinex and Poloniex have funds owned by QuadrigaCX.

However, it is impossible to guarantee whether these assets are still on the named exchanges.

According to Taylor Monahan, QuadrigaCX could use the data of its own clients to register accounts on third-party exchanges.

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   262

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.