• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
North Korea crypto

Why The CEO Of This Crypto Exchange Was Arrested For Leaking Secrets To North Korea

Reynaldo Marquez by Reynaldo Marquez
1 year ago
in Crypto News
0

Per a report from a local news media, the CEO of an unnamed South Korean crypto exchange platform was arrested for his alleged connection to an espionage operation. The executive was acting as an intermediary between a North Korean agent and elements in the South Korean army, the report claims.

Related Reading | Illegal Crypto Exchange Busted. The List Of Seized Assets Is Incredible

The crypto exchange CEO recruited and offered money to at least two active captains in South Korea. As the report claims, only one of these suspects agreed to extract and share secrets with the opposing forces.

The officer referred to as “Captain B”, received 48 million in local currency, or around $40,000. The crypto exchange’s CEO was allegedly paid 700 million won or around $500,000 in Bitcoin for his services.

The unidentified North Korean agent sent instructions to the executive, and the latter shared them with the officers. Captain B supposedly purchased hidden cameras and other tools to carry on the operation, including a USB-like hacking device dubbed “Poison Tap”.

As a result, according to the report, the North Korean army received classified information on the South Korean join command and its control system log-in data. This military entity is part of the executive branch of the South Korean army and a critical component in any major defense operation.

Per the local news media, the captain was placed under arrest and sent to the military prosecutor’s office. The officer awaits trial under charges of violating the National Security Act.

The crypto exchange’s CEO, only identified as “Mr. Lee”, was arrested on April 5th as announced by the Seoul Central District Prosecutor’s Office. The investigation that led to these arrests was carried out in cooperation between local police forces and Military Security personnel.

A representative for the police claimed the following on the operation:

This is the first case in which an active-duty officer and a civilian under orders of a North Korean agent colluded to discover a spy who attempted to detect military secrets.” “We blocked the leak of military secrets by arresting Mr. Lee and Captain B at the same time in close cooperation with the security company.

North Korea Targets Crypto Companies

As concluded from the investigation, “Mr. Lee” began cooperating with the unidentified North Korean agent at some point in 2021. As mentioned, one of his duties was to recruit active officers and offered them payment in digital assets.

As reported by Bitcoinist, North Korea apparently launched an operation with bad actors to target crypto companies. This operation seems to have the objective of draining funds from major DeFi platforms and launching social engineer attacks against founders and other relevant individuals.

Related Reading | How The $600M Ethereum Ronin Bridge Hack Was Exposed 6 Days Later

The operation could be classified as a success so far with over $500 million stolen from bridges, lending platforms, and other projects. At the time of writing, Ethereum (ETH) trades at $2,900 with sideways movement in the last 24-hours.

Ethereum ETH ETHUSD
ETH moving sideways on the 4-hour chart. Source: ETHUSD Tradingview
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Reynaldo Marquez

Reynaldo Marquez

As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

Related Posts

Federal Reserve

Federal Reserve Embraces Tokenization? Exploring The Implications Of Their Latest Paper

50 mins ago
Pro-XRP lawyer John Deaton

Pro-XRP Lawyer Criticizes SEC’s Latest Decision

3 hours ago
Robert Kiyosaki

Why Is Robert Kiyosaki Saying ‘BYE BYE’ To Bitcoin?

8 hours ago
sam bankman fried ftt ftx fttusdt

A Look Into Sam Bankman Fried’s $40 Million Penthouse, What Did This Journalist Discovered?

8 hours ago
Mixin

Mixin Network Offers Hacker $20 Million Bug Bounty To Return Stolen Assets

9 hours ago
Ethereum ETH Lido

Ethereum Foundation Insider Calls Lido A ‘System Threat’, Here’s Why

10 hours ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • Ripple (XRP) And Solana (SOL) Making an Attempt to Break...

    7 hours ago
  • 3 Penny Cryptos That Could Reach $5: $QUBE, $XLM, and...

    12 hours ago
  • Bitcoin Spark Breathes New Life Into Crypto As Litecoin...

    12 hours ago
  • Mercante Technologies to Launch AI-Powered Customer Support...

    14 hours ago
  • While Litecoin (LTC) and Aave (AAVE) try to break key...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.