Could the Chinese PLA spy chips be affecting Bitcoin in various ways?

[drmilind2004]

It's all over the news that China's People's Liberation Army (PLA) has been running a covert program of implanting spy chips in motherboards. These devices are very small and go unnoticed. They have been thought to affect Apple and IBM and even US Government and Pentagon computing systems and networks.

Since the computing hardware for Bitcoin is pretty much similar, it's entirely possible that the PLA can hack the Bitcoin system through these devices. But, what can they achieve in the Bitcoin ecosystem, apart from revealing the identities of the transactors? Would it be possible for them to corrupt the wallets, or hack the exchanges, or even successfully carry out a 51 percent attack? What other hacks can they achieve on the Bitcoin (and all Altcoins in general) ecosystem?

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[dothebeats]

It's still unclear what vectors of attacks could be used from these spy chips. It is known that they are there, but up to what extent can these chips do aside from read information? I'm not entirely sure what kind of damage could these guys do in a decentralized network, but revealing the node and mining operators identities would be an easy feat for such a hardware. Perhaps a switch could be turned on to take the hash power off of mining farms and direct it towards somewhere else but that's still pure speculation for now.

[pakhitheboss]

Don't you think this can be treated as a FUD in order to create panic in the Market. Is there any proper evidence available to confirm that the Spychip will affect the Bitcoin market.

Until then it is better not to discuss such News. These are my thoughts about the News.

[Lucius]

It's been three years since Amazon discovered microchips in servers’ motherboards which should not exist there and report that to U.S. authorities. They confirm that microchips "allowed the attackers to create a stealth doorway into any network that included the altered machines". This is so far affect some 30 big US companies, and because of that (and some other things) Trump administration is start trade war with China and shift some of sensitive technology production in some other countries. Although I have to admit that it is not clear to me how China planning to implement this plan on a long term, it was only a matter of time when someone discover extra microchip on the motherboards.

From the technical point of view regarding BTC and cryptocurrency in general I can not say can this have some effect, it's been three years since it is discovered and this is enough time to take some countermeasures.

More info : The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies