Chinese state-sponsored hackers target crypto exchanges

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According to a report by cybersecurity firm FireEye a hacking collective known as APT41 is targeting a wide range of companies including crypto firms.

The hacking collective used to be involved in breaching the security of video game companies as a form of cyber racket but are now known to be backed and sponsored by the Chinese government. Among the companies targeted are firms of different industries such as healthcare, high technology (semiconductors, batteries, and electric vehicles), media, pharmaceuticals, retail, software, telecommunications, travel services, education, video games, and cryptocurrencies

It is believed, according to the report, that the hackers are targeting “industries in a manner generally aligned with China’s Five-Year economic development plans” and that they are further entrusted to gather intelligence regarding upcoming events of importance in the economic and political sphere.

Among the methods used by the hacking collective is the sending of “phishing emails”, as well as deploying Monero mining tools on the computers of victims.

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