Bitfinex has warned his clients about the fraudulent scheme

Cryptocurrency exchange Bitfinex has published information about phishing scheme through which hackers get the tokens the customers. Theft happens with the help of fake wallets or exchange services.

The fraudsters operate as follows: they create an account on the exchange and generate there are many Deposit addresses. After this they create a network of sites disguised as cryptohalite and exchange services. The user gets to these phishing resources and it creates the wallet, which is automatically assigned to the previously created malicious address. Therefore, the user loses control of the purse and can’t withdraw funds.

After the exchange has received information about the scheme, she stopped all further operations on the addresses which were derived the funds.

In Bitfinex I suspect that a similar scheme could be used in other services, and expect confirmation of this in the near future. Representatives reported the fraud to international law enforcement agencies and asked them to facilitate the disclosure of the attackers.

Bitfinex also gives a list of the domains by which criminals acted. The list is based on the internal analysis of the exchange and is not exhaustive:

  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://
  • hxxp://zcash

The exchange also asks users to observe basic rules of safety on the Internet: don’t click suspicious links, you go to the exchange tab in the browser, no one to share passwords and not to open attached files and links from emails from unknown senders.

According to the company Chainalysis, in 2017, the fraudsters pocketed around 14% of the funds raised through ICO projects based on Ethereum. In the wrong hands got about $225 million of the $1.6 billion

Recall that recently investment platform Enigma Catalyst was subjected to a phishing attack, which had stolen $500 thousand from sale of tokens ECAT.


Paxful: in Africa, every day 17,000 transactions using gift cards

According to the p2p platform Paxful, in Africa, every day more than 17,000 p2p-transactions for the purchase of bitcoin, according to CCN.

Most African users Paxful used as a means of payment iTunes gift cards and Amazon. The latter can be bought for the local Fiat currency.

In the screenshot you can see that, indeed, these payment methods are the top payment options

Africa is currently the main market platform Paxful. In 2018 the total volume of p2p transactions using iTunes gift cards is $300 million; use of maps Amazon — about $165 million Bank charges on this continent is so common — they account for less than $50 million.

It is also noteworthy that bearish trend 2018 has not reduced the volume of trades on the platform Paxful. For example, p2p-trade of bitcoin is growing steadily in Kenya:

Data: CoinDance

ForkLog previously reported that p2p-trade of bitcoin has become extremely popular in Venezuela.


Huobi will launch a crypto currency exchange that focuses on EOS

Huobi Pool, a division of the third volume of trades of the crypto currency exchange to launch in the first quarter of next year, a shopping site that focuses on digital currency EOS. About it reported in a press release.

According to representatives of Huobi, at the new exchange EOS will be traded in pairs with «many cryptocurrencies».

«As supernodes EOS, Huobi Pool puts sustainable development first in their priorities. The launch of the EOS-exchange just the next logical step in this context», — said the CEO of Huobi Pool Cao FEI.

Note that at the moment Huobi Pool is in first place in the rating of producers units EOS. This pool worked closely with other manufacturers blocks to create a test network EOS called Crypto Kylin Testnet. Also Huobi Pool were engaged in the creation of a platform for voting in the EOS ecosystem.

Recently it became known about the support EOS the cryptocurrency derivatives exchange Huobi.

ForkLog also previously reported that half of the staff Group Huobi can get laid.


Bitfinex will suspend trading for several hours because of the transition to the new servers

Popular bitcoin exchange Bitfinex and its subsidiaries platform Ethfinex will suspend as of Monday, January 7, 2019, in connection with the transition to the new servers. It is expected that this process will take from three to seven hours.

In the message iFinex says that the company eventually refuses to use the cloud service AWS and goes on its own infrastructure hosted in the data center in the Swiss Cryptocoryne. Technical support providing company Market Synergy.

Own dedicated servers and carefully chosen hardware, the company claims, are designed to ensure uninterrupted trade high volumes.

The final stage of this process will be Babysitting all platforms offline during this period users will not be able to trade and will not have access to their wallets.

According to a statement to Hong Kong stock exchange, new infrastructure at least twice will increase its performance. Professional trading company will be able to use the crosstalk due to which delay will be reduced from 60-100 milliseconds 5-15 milliseconds.

Also declared a higher level of security – new infrastructure Bitfinex will save the company from having to rely on third-party service provider.

We will remind, earlier this week, Bitfinex announced the start of margin trading in the pair USDT/USD.


Huobi has announced the launch of EOS-exchange

Mining division Huobi Group – Huobi Pool – will launch its first cryptocurrency exchange in early 2019. The new trading platform will be fully focused on the EOS system, said in a press release.

«Being super-Noda EOS, Huobi Pool puts sustainable development network at the forefront – said the CEO of Huobi Pool Cao FEI. – Launch of the EOS-exchange is just the next logical step to support».

New exchange allows users to trade EOS in pairs with many different cryptocurrencies. As noted Huobi Pool, they worked closely with the community of EOS since its launch earlier this year. In addition Huobi Pool worked with other manufacturers units in the EOS system on the creation of a test network Crypto Kylin Testnet to experiment with the EOS and developed a platform for voting in its ecosystem.

In the beginning of the month it became known about the plans Huobi buying Japanese regulated crypto exchange Bittrade.

Before that Huobi was accused of organizing conspiracy with other manufacturers units the EOS, however, the company denied this information.


In Ethereum Mist browser found a serious vulnerability

Representatives of the Ethereum Foundation reported that the Ethereum Mist browser, popular to view decentralized applications, may pose a threat to data leakage on private keys of users.

Identified a bug classified as representing “high severity” and affects all versions of the browser, although not for browser-compatible Ethereum Wallet. A vulnerability has been found in the underlying software of the Electron, due to the delay in the update which users of the browser have come under risks. To solve this problem, the developers propose to go on AT the Muon, which is a fork of Electron.

In this regard, users are recommended to refrain from placing questionable sites and install Ethereum Wallet as a primary means for the control means.

Recall that a critical vulnerability in smart contract cost users multisig wallets Parity $160 million, including $98 million of the project founder Gavin wood(Gavin Wood). And now the team is Parity Technologies calls for a hard forks Ethereum to unlock these funds.


Moscow does not refuse from plans to launch its own cryptocurrency

The government abandoned plans to create its own cryptocurrency and continues to discuss this issue. This was stated by the head of the Moscow Department of economic policy and development Vladimir Yefimov, according to RNS.

The official noted that the implementation of these plans will depend on regulatory rules set at the Federal level.

«We are on the subject I think. But, of course, before implementing such technologies in the city, you need an understanding of how this will be resolved at the Federal level. The discussion is not yet completed. When will a clear understanding of what can and can not where you can [use] and where we can, we will, of course, for it to adapt,» he said.

According to Efimov, a prototype cryptocurrency can be considered as points in loyalty programs.

«This can be called pseudocreativity because these points you can exchange, respectively, on something else. When we talk about cryptocurrency, it is implied by its more widely circulated, and not narrowly focused. The prototype already exists – everyone has points, some loyalty cards. Just a question, where and how to use it,» he said.

We will remind, in August, the head of VNESHECONOMBANK Sergey Gorkov has admitted that the Moscow authorities could in the future to issue its own cryptocurrency — Moscowcoin. However, the service of the Department of Finance said that this is impossible. The reason is that issues money issue are the responsibility of the Federal government.


SEC Thailand can equate some tokens to securities

The Commission on securities and exchange Commission Thailand (SEC Thailand) have published a new statement on the ICO, which reported that some tokens can fall under the definition of securities. SEC Thailand also expressed concern that the sale of tokens used for fraudulent schemes involving unsuspecting investors:

“The ICO has gained popularity among tech startups as a convenient and timely method of access to financing. Over the past few months the ICO has grown exponentially and has moved beyond venture capital financing at an early stage. As a result, financial regulators, including the SEC of Thailand is concerned that in some cases the ICO may be deliberately used as a tool for fraud or Scam”.

The statement marked a more conciliatory position in relation to the ICO in comparison with other jurisdictions. Especially with China, which this month introduced a ban on such funding model. The position of the regulator of Thailand closer to the stated last month the Canadian securities administrators (CSA).

“SEC Thailand promotes access to Finance for companies, including technology start-UPS, and understands the potential of the ICO, as a response to the need for investment. In cases where ICO is the offering of the securities, the Issuer will need to comply with applicable regulatory requirements in the competence of the SEC of Thailand,” the statement reads.

Thai regulator will continue the search for a balance between support for digital innovation and protecting investors from fraud. Comments and suggestions from businesses on how to approach the ICO welcomed, said SEC of Thailand.

Earlier, the regulators of the USA, UK, Dubai and Russia warned investors about the risks of ICO.


Why ban China ICO is rather good?

The second day of the cryptocurrency market shows different reaction to ban Chinese regulators holding ICO. While startups are counting on the attraction of means in such a manner, cancel or transfer your placement, but event organizers canceled the conference, the editors interviewed several experts the impact of this step on the market ICO, will the market and what regulation to expect from States?

Denis Dovgopolyi, President of the GrowthUP Fund

I think it will have a positive impact on non-Chinese ICO. Chinese wallets have a huge potential and is now part of the money will go for more flow in non-Chinese ICO.

I did not see special problems in regulation. It’s a parallel universe, and so there will always be a jurisdiction where it will be possible to conduct such transactions legally. Not to mention the fact that many ICO are held outside the jurisdiction even without establishing a legal entity. Yes, and the first company project in whose interests is ICO. Here bows ICO <> the account of the company will be increasingly subject to, but with the growth of liquidity of the cryptocurrency, the value of this will fall. Bottomline: in the short term will hurt and confusion on how a long time interval, it will appear as a fluctuation. From my point of view, the number of Scam when ICO and ignoring the KYC/AML have a more serious systemic consequences for the industry.

Sasha Borovik, CFO at CLOUDEO

ICO should be regulated carefully and leaving room to experiment. China not being a democratic country, reacts as is able – hard. Prior to that, China has established its domestic Internet, limiting their access to the www, FB banned and restricted Google. These actions cut off access to the mainstream, but the service remained available for geeks. They are trying to do the same with crypto. But the Blockchain today is geeks. To limit their access to the blockchain and international ICO is almost impossible. Yes, China will be less than ICO and crowdfunding. To do marketing in the country foreigners will be difficult. Otherwise little that will change. The ICO will continue. Will appear innovative and responsible regulation and the blockchain will find a new introduction. No, this is a good and logical development for blockchain – nonsense will be slightly less, international regulators will try to find a more sensible approach, so as not to be like China.

Orestes Havryliak, partner at Axon Partners

China is a country of paradoxes. And on yesterday’s news about the “ban ICO” it would be nice to say in context.

In China, the cryptocurrency is seen as a commodity (since 2013, among others), and websites related to Bitcoin (for example, cryptocurrency exchanges) must be registered in the Telecommunications office (Telecommunications Bureau). Taxation is carried out in accordance with the standard for goods rules. This, incidentally, means that the sale of crypto-currencies may be subject to value added tax (Value-added tax).

Despite the fact that the state closely (to put it mildly) is watching his and other people’s citizens, the blockchain-industry in the country is actively developing from year to year. No Chinese SIM cards can not, to buy and sell bitcoin on crypto exchanges (at least to foreigners), but also to connect to WiFi it is impossible. Like it is obvious that cryptocurrency and distributed technology will not be developed. But no, the conference and other events on bitcoin and decentralized technology, is visited by thousands of people, and krausel with a good marketing in China and prior agreement with the local investment funds and/or individual investors destined for success.

In early 2017 adopted new rules aimed at detailed regulation of the activities of cryptocurrency exchanges. These regulatory actions, however, were aimed at protecting the rights of users of the exchange and again I say that trading in securities without a license in China is prohibited. At the same time, the regulator promised to «keep a gentle attitude to cryptocurrency exchanges». In addition, 2017 was marked by the cessation of activities of several mining farms, but again because of problems with the illegal use of electricity, not the so-called ban on mining.

And now the people’s Bank of China in cooperation with other ministries issued a joint order that already conducted by the ICA and issued tokens violated several Chinese laws. According to regulators, the token sale is illegal fundraising, illegal or financing, or pyramid (depending on the nature of token, as I understand it). Accordingly, the regulator made it mandatory for all token sales cease and all collected on the token shop money – back. Banks and other financial institutions are required to cease any transactions related to the token shop and also inform the regulator of all transactions that have already been committed.

Well, I am sure that this decision will be followed by changes in legislation. According to the text of the order will be separately regulated virtual currency and, separately, the tokenization. And I suspect that the regulation will not be so hard: the order (based on the context, which I described above) is more like a muscle-flexing than the desire to deprive China of cryptobytes.


Experts: interest of hackers to cryptocotylar and ICO will grow

According to experts of the Positive Technologies company, is expected to increase the interest of hackers to cryptocurrency wallets and ICO, where users run the risk to say goodbye to millions of dollars in a matter of minutes.

In a published report the experts of the company noted that during the attack site, where the ICO, hackers replace the address of crypto. In the result of investors ‘ funds go directly to the account of the scammers. Such attacks were ICO held startups Enigma Catalyst and CoinDash, reminded the experts of Positive Technologies. And if in the first case, it lost about $500 thousand in the second, it was already about $9 million.

In addition, specialists of the companies specializing in cybersecurity, drew attention to the possibility of yet another threat related to the conduct of the ICO:

“We cannot rule out the possibility of the emergence of a new type of cybercrime is creating a deliberately dishonest blockchain startups to justify the loss of funds to the activities of hackers.”

Reminded the authors of the report and dissemination of the hidden hash — attackers upload on the victims ‘ cars malware, creating botnets, hackers mining for cryptocurrency. The report also mentioned one of the most expensive cyber attacks when vulnerability in the client Ethereum attackers stole about $ 30 million.

“The issue of security of web resources has never been greater, as in the case with the blockchain projects and ICO when unauthorized access to the site management and content means the loss of millions of dollars in a few minutes. Along with the growth in the number of new ICO to the end of the year, and rising attacks on the blockchain platform,” said analyst Positive Technologies Olga Zinenko.

We will remind, earlier experts of company Group-IB have noticed that hackers turn their attention from banks to kriptonyte — here successful attack brings significantly more money.