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COINTURK NEWS > Bitcoin (BTC) > Elon Musk Sparks Buzz with Bitcoin Joke After Cyber Attack on Janet Yellen
Bitcoin (BTC)

Elon Musk Sparks Buzz with Bitcoin Joke After Cyber Attack on Janet Yellen

In Brief

  • Musk joked about Bitcoin after a cyber attack on Janet Yellen.

  • The attack raised concerns about digital security within financial institutions.

  • Bitcoin's price surged following Musk's comments, exceeding $100,000.

Ömer Ergin
Ömer Ergin 4 months ago
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Tesla CEO Elon Musk made headlines after joking about Bitcoin $103,515 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.

Contents
Details of the Attack and Access to Yellen’s ComputerMusk’s Bitcoin Commentary and BTC Price SurgeOther Officials Affected by the AttackMeetings with CongressThe Relationship Between Bitcoin and Cybersecurity

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.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 17 January, 2025 - 2:05 pm 17 January, 2025 - 2:05 pm
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