Tesla CEO Elon Musk made headlines after joking about Bitcoin 
$104,627 following a recent cyber attack targeting U.S. Treasury Secretary Janet Yellen. The comment came as investigations into the attack by Chinese hackers continued, raising concerns about the security of governmental digital assets.
Details of the Attack and Access to Yellen’s Computer
New reports indicate that Chinese hackers gained access to Janet Yellen’s computer. In a humorous remark, Musk suggested that Yellen might have clicked on a phishing email offering “send me 1 BTC, and I’ll send you 2 BTC.”
Musk’s Bitcoin Commentary and BTC Price Surge
Musk’s long-anticipated comments on Bitcoin coincided with a 1.6% increase in BTC price, pushing it past the $100,000 mark to $101,183.41. Additionally, Bitcoin’s market capitalization surpassed the $2 trillion threshold.
Other Officials Affected by the Attack
Sources reveal that the attackers not only accessed Yellen’s computer but also those of Deputy Secretary Wally Adeyemo and Acting Secretary Brad Smith. The Treasury Department previously stated that the attackers mainly focused on systems related to sanctions, intelligence, and international relations, without accessing email or classified systems.
“We confirm that the specified attack was conducted without compromising critical systems of the Treasury.” – Treasury Department Official
Meetings with Congress
On Wednesday and Thursday, Treasury staff briefed congressional aides and lawmakers on the attack. These discussions coincided with the confirmation hearing for Scott Bessent, whom President Trump nominated for the Treasury Department.
The aftermath of the attack has reignited public and official attention on cybersecurity issues. Musk’s joke gained traction on social media, leading to temporary fluctuations in the cryptocurrency markets.
The Relationship Between Bitcoin and Cybersecurity
The growing popularity of digital currencies like Bitcoin is expanding the targets for cybercriminals. The attack on Yellen’s computer underscores the need for financial institutions to reassess their digital security protocols.
As Treasury officials continue to investigate the attack, plans are underway to implement new measures to ensure the security of digital assets. Ultimately, Musk’s jest and the cyber assault on the Treasury highlight the critical importance of digital currencies and cybersecurity in today’s landscape.
