The U.S. Treasury Department said Sichuan Juxinhe Network Technology Co. was directly involved in the deep compromises of the telecommunications firms.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Yin Kecheng, a Shanghai-based hacker for his role in the recent Treasury breach and a company associated with the Salt Typhoon threat group.

WASHINGTON (Reuters) - The U.S. Treasury department on Friday sanctioned Shanghai-based Yin Kechen and cybersecurity company Sichuan Juxinhe Network Technology Co., accusing both of being involved in a series of hacks against American telecom companies.