Chinese hack of U.S. Treasury breached sanctions office, Washington Post says

Chinese hack of U.S. Treasury breached sanctions office, Washington Post says


A view from the United States Department of the Treasury building in Washington DC, United States on December 30, 2024. The US Treasury Department was cyberattacked by a Chinese state-sponsored actor in early December. 

Celal Gunes | Anadolu | Getty Images

Chinese government hackers breached the U.S. Treasury office that administers economic sanctions, the Washington Post reported on Wednesday, identifying targets of a cyberattack Treasury disclosed earlier this week.

Citing unnamed U.S. officials, the Washington Post said hackers compromised the Office of Foreign Assets Control and the Office of Financial Research and also targeted the office of U.S. Treasury Secretary Janet Yellen.

The department earlier this week disclosed in a letter to lawmakers that hackers stole unclassified documents in a “major incident.” It did not specify which users or departments were affected.

Asked about the paper’s report, Liu Pengyu, spokesperson for the Chinese Embassy in Washington, said the “irrational” U.S. claim was “without any factual basis” and represented “smear attacks” against Beijing.

The statement said China “combats all forms of cyberattacks” and did not directly address the Washington Post’s reporting on specific targets.

The Treasury Department did not immediately respond to requests for comment on the newspaper report.

The Washington Post quoted its sources as saying that a top area of interest for the Chinese government would be Chinese entities that the U.S. government may be considering designating for financial sanctions.

The Treasury letter earlier this week said hackers compromised third-party cybersecurity service provider BeyondTrust.

Chinese firms, individuals and entities have been a frequent target for U.S. sanctions, which Washington has used as a key tool in its foreign policy towards Beijing.

The United States considers China’s its biggest foreign policy challenge, and last month Yellen told Reuters that Washington would not rule out sanctions on Chinese banks as it seeks to reduce Russia’s oil revenue and access to foreign supplies to fuel its war in Ukraine.



Source

Trump extends Mexico’s 25% tariffs for 90 days as talks continue
Politics

Trump extends Mexico’s 25% tariffs for 90 days as talks continue

Mexico’s President Claudia Sheinbaum holds a morning press conference following U.S. announcement of auto industry tariffs in Mexico City, Mexico March 27, 2025. Presidencia De Mexico | Via Reuters President Donald Trump on Thursday said he would not raise U.S. tariffs on Mexican goods beyond their current levels for 90 days, in order to give […]

Read More
Trump’s trade agenda is on the line as appeals court hears arguments in key tariffs case
Politics

Trump’s trade agenda is on the line as appeals court hears arguments in key tariffs case

President Donald Trump holds a chart as he announces a plan for tariffs on imported goods during an event April 2, 2025, in the Rose Garden at the White House. Demetrius Freeman/The Washington Post via Getty Images A federal appeals court on Thursday is hearing arguments on whether to kneecap President Donald Trump’s global tariff […]

Read More
Treasury Secretary Bessent says ‘we have the makings of a deal’ with China
Politics

Treasury Secretary Bessent says ‘we have the makings of a deal’ with China

Treasury Secretary Scott Bessent on Thursday expressed confidence that the U.S. and China are on the way to trade pact as a key tariff deadline nears. “I believe that we have the makings of a deal,” Bessent said during an interview on CNBC’s “Squawk Box.” “There’s still a few technical details to be worked out […]

Read More