Urdubit Exchange Shut Down

All Bitcoin withdrawals from the exchange were closed on April 8 at midnight
10 April 2018   1055

On April 6, 2018, Muhammad Akhtar Javed, director of the State Bank of Pakistan, has published a Banking Policy and Regulations Department circular entitled "Prohibition of Dealing in Virtual Currencies/Tokens." It was stated in a circular that Virtual Currencies like Bitcoin, Litecoin, Pakcoin, OneCoin, DasCoin, Pay Diamond etc. or Initial Coin Offerings tokens are not legal tender, issued or guaranteed by the Government of Pakistan. SBP has not authorized or licensed any individual or entity for the issuance, sale, purchase, exchange or investment in any such Virtual Currencies/Coins/Tokens in Pakistan.

In view of the foregoing, all Banks/ DFIs/ Microfinance Banks and Payment System Operators (PSOs)/Payment Service Providers (PSPs) are advised to refrain from processing, using, trading, holding, transferring value, promoting and investing in Virtual Currencies/Tokens.
 

Muhammad Akhtar Javed

Director, State Bank of Pakistan

Following the announcement, the cryptocurrency exchange Urdubit, headquatered in Pakistan, has published a notice stating that it is shutting down. The exchange recommended the users to buy BTC instantly and withdraw PKR immediately as the exchange was cancelling orders on order book. 

Urdubit NotificationUrdubit Notification

On April 8 the exchange has written in its Twitter account that Urdubit is closed. All Bitcoin withdrawals were closed on April 8 at midnight. It asked the users to withdraw the funds, and if they didn't, Urdubit stated that it will not be held liable for it.

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   258

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.