The US Department of the Treasury has reported a significant cyber breach, attributing the attack to state-sponsored Chinese hackers.
Access was gained through a compromised security key from the third-party provider BeyondTrust, but specific details on compromised data remain unclear.
China has denied the allegations, calling them unfounded, while accusing the US of engaging in reciprocal cyberattacks.
The Treasury Department is currently investigating the incident as a major cybersecurity event with the help of the FBI and CISA.
This incident heightens ongoing tensions and accusations of espionage between China and the US, reflecting a broader pattern of cyberwarfare.