The board had gained notoriety after investigating major hacking incidents including the Log4Shell vulnerability, the hacking group Lapsus$, and the compromises of Microsoft Exchange inboxes in 2023. The board was investigating the CCP-backed Salt Typhoon, a hacking group that compromised major telecom companies in the past few years.

The Treasury Department’s Office of Foreign Assets Control (OFAC) announced on Friday that it had sanctioned a China-based cybersecurity company, known as Sichuan Juxinhe Network Technology, which it says is directly linked to the China-backed Salt Typhoon hacking group.

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has imposed sanctions against a Chinese cybersecurity company and a Shanghai-based cyber actor for their alleged links to the Salt Typhoon group and the recent compromise of the federal agency.

U.S. intelligence says these China-backed hackers are among those laying the groundwork for future conflict with the United States.

The espionage hack of at least nine American telecommunication firms — including giants AT&T and Verizon — targeted the Trump campaign, FBI wiretaps and top State Department officials.

The Treasury Department is expected to say Sichuan Juxinhe Network Technology Co. was directly involved in the deep compromises of telecom firms.

The U.S. Treasury Department on Friday imposed sanctions on alleged hacker Yin Kecheng and cybersecurity company Sichuan Juxinhe Network Technology Co., accusing both of being involved in a series of hacks against American telecom companies.