Mo. Jan 18th, 2021

US Treasury attacked by „a foreign power“, Bitcoin doesn’t care

The Treasury Card – A group of hackers, allegedly affiliated with the Russian government, has infiltrated the communication systems of several government agencies. This large-scale cyber-espionage campaign has allowed hackers to monitor the internal communications of these government entities, including those of the US Treasury.

A back door to widespread cyber-espionage

The attack has not yet been claimed, but is believed to be attributable to the Cozy Bear group, which is also responsible for the hacking of the Crypto Superstar cyber security company FireEye.

This hack was made possible by compromising an update to SolarWinds products, which offers network management services. SolarWinds‘ products are widely used by various federal entities, which triggered a widespread audit of agency systems using SolarWinds‘ products.

This hack was made possible by inserting a backdoor, named SUNBURST in one of the SolarWinds Orion software updates. According to the latest information, the hacking campaign is said to have started as early as spring 2020. The extent of the damage and the cause of the attack have yet to be determined.

SHA256 more secure than the US Treasury?

The announcement of this hack by the US media did not fail to make the crypto community react. As Bitcoin has never been hacked, it is often highlighted as one of the most secure systems in the world.

Bitcoin means trusting a SHA256 algorithm more than the U.S Treasury.
– Blockfolio (@blockfolio) December 13, 2020

The various state authorities regularly stress the risks inherent in the digital asset market, but forget to point out the benefits. Among these, the security and resilience of the network is clearly superior to that of the Treasury Department.

The FBI and the NSA refused to answer Reuters‘ questions, but are actively involved in the case, which seems to affect a large part of the US administration.

Von Liam