US Government: Officials must disclose Crypto Holdings

The United States Office of Government Ethics (OGE) claims digital currencies should be declared by politicians in order to avoid conflicts of interest
19 June 2018   1494

This statement applies whether the holdings are described as coins or tokens. The letter affirms that politicians have been seeking guidance from the OGE about what to do about their cryptocurrency, and the office is thus aware that “virtual currencies are experiencing a surge in use and access”. It is also mentioned that the legal framework governing the assets is not yet solidified, and alerts that further guidance will likely need to be published.

The IRS, the country’s tax authority, estimates virtual currency as property, the Commodity Futures Trading Commission consider them as commodities, while the Securities and Exchange Commission is still making their desicion. It recently affirmed that while Ethereum is not a security (that caused the price of that token to jump by nine percent), many are being advanced as investment assets and thus would follow under its jurisdiction. Ripple, a major cryptocurrency firm, is presently facing a lawsuit over exactly this matter.

The OGE approves that it itself does not regard cryptocurrency to be legal tender, but according to the Ethics in Government Act of 1978 government employees must inform about any source of income. Thus, they are now demanded to report crypto holdings if those holdings exceed a value of $1000 and/or bring them $200 in profit during a specified reporting period.

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   317

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.