The CEO of a South Korean crypto exchange has been sentenced to four years in prison for espionage after participating in a scheme to disclose military secrets to a North Korean agent. In return, he received crypto payments, including Bitcoin, worth approximately $600,000. The CEO, along with a North Korean agent and a South Korean officer, attempted to hack into the South Korean military's system but failed. They leaked sensitive military information using a burner phone, highlighting the intersection of digital currency and international espionage. This news comes as the United States, Japan, and South Korea formally linked North Korea's Lazarus Group to cyberattacks targeting global crypto platforms. The group has been involved in hacks on various exchanges, resulting in significant financial losses. A United Nations report states that North Korea-linked malware groups have acquired over $3 billion in crypto assets, with the country reportedly using the money to strengthen its economy.
Content Editor ( coinedition.com )
- 2025-01-17
South Korean Crypto CEO Jailed for Selling Military Secrets to North Korea
