US Senator Elizabeth Warren has launched a federal investigation into Chinese cryptocurrency mining company Bitmain, citing national security concerns. The probe, codenamed 'Operation Red Sunset', aims to assess potential espionage activities and threats to the US power grid.
Warren's office is examining how Bitmain's equipment could be weaponized against American interests, given the company's deep ties to Chinese authorities. The investigation has sparked concern among officials about the potential for foreign adversaries to exploit vulnerabilities in the US energy infrastructure.
The Department of Energy had previously flagged Bitmain as a significant risk to the power grid in a January report. Warren has expressed her concerns publicly, stating that 'we can't let technological advancement compromise our national security.'