Individual Jailed For Bitcoin Espionage Tied To North Korea
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Individual Jailed For Bitcoin Espionage Tied To North Korea
"Court documents revealed that North Korean hackers paid the exchange staffer $487,000 in Bitcoin to recruit a 30-year-old army captain, who received $33,500 in Bitcoin in return, according to the South Korean media outlet Dailian. The staffer approached the officer through a Telegram chat, offering cryptocurrency for access to sensitive military data. The staffer sent a watch-shaped hidden camera and a USB "hacking device" to the captain under hacker instructions."
"These devices were intended to capture and transmit information from the Korean Joint Command and Control System, a platform used to share intelligence between the U.S. and South Korea. Military police intercepted the devices before any breach occurred. "The defendant must have been aware that he was attempting to uncover military secrets for a country hostile to South Korea," the judge said. "This crime could have endangered the entire country and was committed for personal financial gain.""
A South Korean crypto exchange employee was sentenced to four years in prison and banned from financial-sector activities for trying to recruit a military officer to sell classified secrets to North Korea in exchange for Bitcoin. Court documents show North Korean hackers paid the staffer $487,000 in Bitcoin to recruit a 30-year-old army captain, who received $33,500. The staffer used Telegram to offer cryptocurrency and sent a watch-shaped hidden camera and a USB hacking device intended to capture information from the Korean Joint Command and Control System. Military police intercepted the devices before any breach occurred. The captain received a 10-year prison term and a $35,000 fine. The U.S. Treasury sanctioned individuals and entities linked to DPRK cybercrime, noting that North Korea-affiliated cybercriminals stole over $3 billion in digital assets in the past three years.
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