The Winklevoss Twins to Receive New Patent

Patent is about  a system that is designed to improve the security of digital transactions
12 April 2018   1036

A company owned by the Winklevoss brothers, the founders of the Gemini exchange, received a patent for a system designed to enhance the security of digital transactions. This is reported by CoinDesk.

The application was filed in November, and the patent itself was issued recently by the US Patent and Trademark Office. It describes the "system, method, and program product for processing secure transactions within a cloud computing system".

The system uses a combination of common cryptographic techniques, including hashing functions and digital signatures. It is designed to ensure the security of transactions on the cloud exchange.

Although the document does not directly mention this, there are reasons to believe that the technology can be used in the infrastructure of the Gemini exchange.

The present invention is an improvement to computer security technology. Computer systems to date have been susceptible to attack, whether the introduction of malicious code or the unauthorized access of information, over external data connections, such as the Internet. As computing systems increasingly move to distributed computing architectures, such as cloud computing, external data connections are often necessary to the functioning of the computing system.

Patent Application

Winklevoss IP, LLC, which was awarded with the patent, owns many trademarks and 5 patents, including issued this week.

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.