Copy link
Increase text size
Decrease text size
Link copied

Chinese state-sponsored espionage group targets cryptocurrency firms: Report

Thu, 08 Aug 2019, 06:40 am UTC

In a new report, FireEye Threat Intelligence has stated that a state-sponsored espionage group is targeting cryptocurrency firms in China.

The California-based intelligence-led security company has released the details of its newly named Advanced Persistent Threat group – APT41. The report states:

“FireEye Threat Intelligence assesses with high confidence that APT41 is a Chinese state-sponsored espionage group that is also conducting financially motivated activity for personal gain.

“… APT41 carries out an array of financially motivated intrusions, particularly against the video game industry, including stealing source code and digital certificates, virtual currency manipulation, and attempting to deploy ransomware.”

As per the report, APT41 has targeted organizations in 14 countries (and Hong Kong) over 7 years, including France, India, Italy, Japan, Myanmar, the Netherlands, Singapore, South Korea, South Africa, Switzerland, Thailand, Turkey, the United Kingdom, and the United States.

The group’s espionage operations against entities in these countries were aligned with the targeting of verticals consistent with Chinese national policy priorities, FireEye said.

Speaking of the attacks on cryptocurrency firms, the report said that APT41 sent spear-phishing emails in June 2018 to lure targets to join a decentralized gaming platform linked to a cryptocurrency service. The emails were reportedly sent from an email address listed with the name Tom Giardino, who seems to be a reference to an employee at Valve, an American video game developer responsible for the software distribution platform Steam and various video games.

The hacking group used the same email address to target a cryptocurrency exchange in the same month.

Later in October, the hacking group deployed XMRig, a Monero cryptocurrency mining tool, in a target’s computer demonstrating a continued interest in cryptocurrency.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,954.13 (+3.20%)
  • Ethereum (ETH) $281.92 (+8.86%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $415.80 (+3.26%)
  • Bitcoin SV (BSV) $305.85 (-0.62%)
  • Bitcoin (BTC) $9,954.13 (+3.20%)
Feb 18, 2020 (Tuesday)
13:26
Enjin’s game development platform goes live on ethereum
12:14
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:14
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:13
Boerse Stuttgart's blocknox to offer crypto custody services to institutional clients
11:12
Crypto derivatives exchange Deribit lists daily ether options
10:48
UEFA EURO 2020 tickets to be distributed using blockchain-based ticketing system
10:12
South Korean and Singaporean crypto exchanges partner to develop new services
09:42
Russian central bank completes blockchain tokenization pilot in its regulatory sandbox
08:17
Crypto Technicals: ETH/USD retraces brief dip below 200H MA, close above 5-DMA to see upside resumption
08:16
Crypto exchange FCoin likely to default after up to $130M bitcoin shortfall
06:46
France-based Lagardère Sports partners with blockchain-based fan engagement platform Chiliz
05:36
Binance launches cloud solution to simplify launching cryptocurrency exchanges
04:52
Crypto Technicals: BTC/USD hovers around 21-EMA (9690), potential 'Golden Cross' limits downside
04:51
Telecom giants jointly test blockchain solution for automating roaming discount agreements
Feb 17, 2020 (Monday)
13:34
Fullerton Markets adds support for cryptocurrency deposits and withdrawals
13:02
Crypto asset custodian Copper raises $8M in Series A round
12:06
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:05
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:58
CFTC sues Colorado resident with fraud in crypto-related Ponzi scheme
11:22
Crypto Technicals: ETH/USD slips below 5-DMA, 'Golden Cross' to limit downside
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft