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A Huawei storefront in Ukraine. Photo: Pavlo Conchar/SOPA Images/LightRocket via Getty Images

According to a report in The Australian, Australia received intelligence reports that Huawei personnel provided Chinese spies passwords to hack a "foreign network."

Why it matters: Though there are many broad allegations that telecommunications equipment providers Huawei and ZTE sabotage products so that spies can conduct espionage, the public is largely in the dark about how and if the nation has ever used that capacity.

The Australian report claims:

  • "Chinese espionage services used telecommunications giant Huawei’s staff to get access codes to infiltrate a foreign network."
  • The attack took place within the last two years.

The background: Australia barred the company from using Huawei and ZTE products in its upcoming 5G expansion. The U.S. has made it functionally untenable for service providers to use those products as well.

Go deeper

Exclusive: White House meeting with members of Problem Solvers Caucus

Members of the Problem Solvers Caucus discuss the COVID-19 relief bill in December. Photo: Oliver Contreras/Bloomberg via Getty Images

Top White House officials will meet Wednesday with a bipartisan coalition of House lawmakers as the administration tries to enlist moderates to support the president's infrastructure proposal.

Why it matters: The meeting is something of an olive branch after President Biden's team courted groups of progressives to back the $2.2 trillion package.

58 mins ago - Health

The new vaccine threat is fear itself

Illustration: Sarah Grillo/Axios

The FDA’s decision to pause the use of Johnson & Johnson's coronavirus vaccine has set off a chain reaction of fear — about the safety of the vaccine, and about whether the FDA is overreacting — that's causing unnecessary drama just as the vaccine effort is finally picking up speed.

The big picture: Throughout the pandemic, the public and the media, and sometimes even regulators, have struggled to keep risks in perspective — to acknowledge them without exaggerating them, and to avoid downplaying them because other people will exaggerate them.

Cryptocurrency giant Coinbase heads to Wall Street

Illustration: Annelise Capossela/Axios

Coinbase, the country's largest cryptocurrency exchange, is expected to go public today at what could be a valuation north of $100 billion.

Why it matters: This gives crypto a Wall Street seal of legitimacy, after an early existence marred by ties to illicit goods.