Homeland Security Is Reportedly Probing Bitcoin Mining Giant Bitmain for National Security Reasons

According to a new report from Bloomberg, federal authorities have quietly been digging into Bitmain, the Beijing-based bitcoin mining hardware manufacturing giant, over fears that its devices could serve as a backdoor for Chinese espionage or even deliberate blackouts on the U.S. electrical grid. The Department of Homeland Security is said to have been running a secretive probe dubbed “Operation Red Sunset” for months, with agents tearing apart imported machines at ports in search…