Crypto Investor: Hackers invaded the US Treasury Department, and Bitcoin will never be hacked

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Crypto Investor: Hackers invaded the US Treasury Department, and Bitcoin will never be hacked

Regarding the news that hackers invaded the US Treasury Department, cryptocurrency investors quickly responded.

According to a Reuters report, three people familiar with the investigation learned that a “veteran hacker group” backed by a foreign government can attack the US Treasury Department and the National Telecommunications and Information Administration (NTIA) Department of Commerce .

The hacking incident occurred less than a month after Donald Trump fired Chris Krebs, the head of cybersecurity at the Department of Homeland Security. However, Reuters said that this group of hackers has been monitoring the emails of NTIA employees, which have been running on Microsoft Office 365 for “months.” Other government agencies have also been attacked, but the source did not provide more details.

In response to the hacking of this powerful government agency, cryptocurrency investors pointed out the advantages of Bitcoin (BTC).

Kraken business director Dan Held said on Twitter: “Bitcoin will never be hacked.” Bitcoin bullish Anthony Pompliano agreed with Held, saying that “Bitcoin will never be hacked.”

Blockfolio targeted NTIA’s network security, implying that the agency used outdated algorithms to maintain encryption security:

Bitcoin means that the SHA256 algorithm is more credible than the US Treasury Department. –Blockfolio (blockfolio) December 13, 2020

It is unclear whether any funds were affected by this invasion. As of the publication of this article, the hack appears to be limited to the possible theft of information from e-mails from government agencies.

Taylor Monahan, the founder and CEO of MyCrypto, said: “The Treasury Department has been invaded by insiders.” This statement may reflect the massive amount of money printing by the U.S. government. The U.S. printed almost more currency than the entire country in 2020. Time of existence.

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