Bitcoin is never hacked‘ – cryptomaniacs respond to US Treasury violation

„Bitcoin means relying more on a SHA256 algorithm than the US Treasury,“ joked Blockfolio.

Cryptomaniac players were quick to respond to news that hackers violated the U.S. Treasury Department.

According to a Reuters report, a „sophisticated hacker group“ supported by a foreign government – supposedly Russia, according to three people familiar with the investigation – was able to violate the U.S. Treasury Department as well as the National Telecommunications and Intelligence Administration, or NTIA, with the Commerce Department.

The incident happened less than a month after Donald Trump fired the head of cyber security at the Department of Homeland Security, Chris Krebs.

However, Reuters said the hackers monitored NTIA staff e-mails that ran on Microsoft’s Office 365 „for months. Other government agencies may also have been violated, but the sources have not provided additional details.

In response to the attack on such a powerful government agency, cryptomaniac players pointed to the advantages of Bitcoin (BTC).

„Bitcoin is never hacked,“ said Dan Held, head of Kraken business, on Twitter. The bull Bitcoin Anthony „Pomp“ Pompliano echoed Held’s sentiment, saying „Bitcoin has never been hacked“.

The Blockfolio aimed at NTIA’s cyber security, which implies that the agency used outdated algorithms for its cryptographic security:

It is not clear if any money was compromised as a result of the breach. At the time of publication, the hack appeared to be limited to potentially stolen information from government agency e-mails.

„Jokes with them,“ said MyCrypto founder and CEO Taylor Monahan. „The treasure has already been hacked by internal actors.“ The statement may reflect the U.S. government printing more money in 2020 than in almost the entire country’s existence.

Neither Banks, nor the IRS, Notaries are the ones that most ‚report‘ suspects to Coaf

Forget about banks, cryptomaniac exchanges and the IRS, the ones that most report suspicious money laundering operations to COAF are the notaries

Neither Banks, nor Bitcoin exchanges, nor the IRS, which has been ‚leading‘ the list of suspicious transaction communications to Coaf are the notaries.

Since February this year, notaries and registrars from all over Brazil have been playing the role of money laundering and terrorist financing prevention agents, the so-called PLD/FT measures.

Thus, all acts registered in notaries are being ‚monitored‘ and, in case of suspicion, are communicated to the competent agencies.

„The notary public professionals, in contact with users through the counter, become a link between suspicious acts and intelligence agencies,“ highlights the Colégio Notarial do Brasil – Federal Council.

As well as exchanges of Bitcoin and cryptomoedas in Brazil had to adapt to the IN 1888 of the IRS, which, in turn, is a response from Brazil to the guidelines of the Financial Action Group against Money Laundering and Terrorism Financing (GAFI/FATF), so it has also been happening with the notaries.

However, in the case of the notary offices, instead of the Federal Revenue, the publication of the Provision no. 88/2019 was the responsibility of the National Correction of Justice.

The document provides about the policy, procedures and controls to be adopted by notaries and registrars aiming the prevention of the referred crimes, follows a series of standards and approaches of the GAFI/FATF.