Life sentence for Chinese official in crypto espionage case
A former Chinese government employee, identified as Wang Moumou (a placeholder name that translates to “so-and-so” used in China to anonymize individuals) has been sentenced to life imprisonment for selling state secrets to foreign intelligence agencies in exchange for 1 million yuan (about $138,000) in cryptocurrency payments.
China’s Ministry of State Security said in a WeChat post that Wang racked up big losses and debts from his crypto trading.
Desperate for additional income, he sought part-time work on an online forum, revealing he was a government employment in the process. This post attracted the attention of a foreign intelligence agent, who offered crypto payments for classified information.
Wang gradually attempted to distance himself from the foreign agency but was blackmailed and threatened with exposure if he stopped cooperating, the ministry said.
However, China has also employed used crypto payments for espionage on foreign targets.
In September, Taiwan indicted two military officers for selling at least seven classified military documents to mainland Chinese contacts for 8,151 Tether (USDT).
The previous month the Taiwan High Court sentenced eight individuals to prison for leaking military secrets to China in exchange for an undisclosed sum in cryptocurrency. Unlike in China, the punishments were less severe, with the mastermind receiving the longest sentence of 13 years.
Taiwan’s government watchdog says modern espionage cases target younger officials through financial incentives. (Zibik)
Taiwan’s government watchdog, the Control Yuan, reported a sharp rise in Chinese espionage cases over the past decade, noting that cryptocurrency is increasingly used to evade detection.
WazirX hack suspected account dealer arrested
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According to charges reviewed by local media allege that…
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