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fromBitcoin Magazine
6 days ago

Bitcoin-miner Bitmain Is Facing Federal Investigation Over National Security Issues

The inquiry, dubbed "Operation Red Sunset," led by the Department of Homeland Security, reportedly examined whether the company's machines could be remotely manipulated for espionage or sabotage of critical US infrastructure. Bitmain denies these capabilities, but investigators have reportedly tested its equipment at ports and dissected chips and code to assess potential threats. The company's hardware has long attracted scrutiny. A 2017 Bitcoin Magazine report suggested Antminer devices contained code allowing remote shutdown, which Bitmain said was a theft-prevention feature later patched.
US politics
Cryptocurrency
fromBitcoin Magazine
1 month ago

Trump-Backed American Bitcoin Adds 1,414 Bitcoin

American Bitcoin Corp increased holdings to 3,865 BTC, adding 1,414 BTC since September through mining production and secondary market purchases.
US politics
fromwww.theguardian.com
1 month ago

An Eric Trump crypto company is relying on close ties to a Chinese company

Bitmain provided preferential access and favorable payment terms on hundreds of millions of dollars of mining equipment to a firm partially owned by Eric Trump.
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