As the largest manufacturer of mining machines, every move of Bitmain is closely watched. Recently, unlike technological or financing progress, the company has been affected in terms of asset security.
According to foreign medialivebitcoinnewsAccording to reports, Bitmain recently issued a lawsuit document, which was issued after the company’s Binance account was hacked and funds were stolen.
In this attack, it is said that a hacker named "John Doe" attacked his Binance account, causing Bitmain to lose 617 bitcoins, worth about 28 million yuan. Taking advantage of Bitcoin's high degree of transparency, it is easier to track the origin and destination of a specific transaction, and this time the transfer address of the stolen funds was also found. The stolen funds were not converted into U.S. dollars, it is understood. According to Bitmain’s lawsuit, the stolen funds were moved to the Bittrex exchange for exchange. Hackers used the Bittrex platform to dramatically increase the price of an altcoin called MANA. It's unclear if this was an attempt to launder money, or something else.
But the hackers didn’t completely wipe out Bitmain’s Binance account. The hacker left more than 200 bitcoins in the account, but the purpose of doing so is so far unclear. At the same time, since Bitmain's prosecution is a prosecution of a hacker named John Doe, it also shows that the company does not know his true identity. The lawsuit was filed in Washington because the Bittrex exchange is headquartered in Seattle, Washington, and Bitmain believes that the Bittrex exchange into which the stolen funds were transferred is suspected of participating in this fraudulent scheme. But with the culprit still unknown, the outcome of the lawsuit remains elusive.
Hacking in the cryptocurrency space has become very common in recent years. Not only the user's personal assets are at risk of being stolen by hackers, but also the project bureau or company's assets may be stolen. According to the US financial website CNBC, survey data from the network security company Carbon Black showed that in the first half of 2018, about $1.1 billion worth of cryptocurrencies were stolen. On June 20 this year, South Korean cryptocurrency exchange Bithumb announced that about 35 billion won (about 200 million yuan) of cryptocurrency had been stolen from late night to early morning.
In many cases, hackers trade stolen cryptocurrencies through the dark web, and at the same time may carry out illegal activities such as money laundering. This brings challenges to the supervision of various countries. For example, in money laundering activities, supervision and various anti-money laundering organizations frequently take action, but the means of attack sometimes cannot keep up with the means of crime. At the same time, the strengthening of supervision may also cause currency price shocks. Therefore, in terms of how to balance regulation and stability, the use and circulation of cryptocurrencies have brought challenges to both government regulators and enterprises.
