Hey guys - this is a really bad problem bigger than we thought. Capinfo and PayEase are hugely compromised. Just given the attack on my credit cards, this scheme has to include attempted charges in the tens of millions. It has ultimately turned out that every card I've used this year to deposit with an online book that uses these China based payment processors has been targeted. The fraudulent charges fit a typical pattern and mind you the descriptors are probably always false in an attempt to be disguised.
Related to this thread, simply do not use credit cards unless they're prepaid, and you're zeroing out and throwing away the prepaid card afterward. Many of you have taken this precaution for years, but now it's really time to 100% nix using ccs to deposit (or withdraw).
As a part-time day / short term trader, I'm looking for a way to capitalize on these companies going in the crapper. Capinfo is a publicly traded company on the HK exchange, and it turns out that PayEase and Capinfo are actually related (
as one can see from this Business Wire article).
I'll consider posting about this in the BIF sub-forum. Hopefully we find a good way to take short positions on Capinfo or some relevant Index or ETF.