• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • 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
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • 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
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
Crypto

Crypto For Secrets: Chinese Man Sentenced To Life For Selling State Info

Christian Encila
by Christian Encila
10 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

State authorities in China are now patching loopholes in the national confidentiality regulations after they discovered that one of their colleagues assigned in a confidential unit sold state secrets to foreign contacts to pay off its debt incurred from crypto investment losses.

This incident prompts Chinese officials to assess their confidentiality system closely to address any weaknesses and prevent a similar situation from occurring.

Related Reading: Crypto Comes To Detroit: Residents Will Soon Pay Taxes With Digital Assets

Leaking Confidential Information For Crypto

China’s national security agency found that a public official working in a state-run confidential unit was found guilty of espionage, saying that the civil servant named Wang Moumou handed over sensitive information to foreigners.

The Chinese government stated that a person named Wang, who suffered losses from investing in cryptocurrency and owed a huge debt, was lured by foreign spy and sold them with state secrets. He was sentenced to life imprisonment. Wang obtained spy funds equivalent to more than 1…

— Wu Blockchain (@WuBlockchain) November 8, 2024

According to the country’s Ministry of National Security. Wang leaked “top-secret” and “confidential state secrets” to the other party abroad, adding that Wang received over 1 million yuan worth of cryptocurrency as part of passing on vital information about the Chinese government.

Chinese officials explained that Wang resorted to such crime against the state after he incurred significant monetary losses from unsuccessful investments in digital currencies.

Start Of Espionage

The national security agency described Wang as “a good young man in the eyes of his unit and family”, believing that the losses from his crypto investments drove him to look for a part-time job in an online forum.

The Chinese agency said that “someone from abroad” communicated with him and offered him work which involved providing his contact with information such as his unit’s research progress and production tasks in exchange for crypto payment.

Wang agreed to the deal and received a substantial amount of digital money for the information he handed over to foreigners.

“Faced with the temptation of money, Wang Moumou’s bottom line of confidentiality began to loosen,” the Chinese ministry said.

According to authorities, Wang was still hesitant at the start and only gave “a small amount of internal information” to his contact in exchange for payment. However, Wang gave in after thinking that “a few photos and a few documents can be exchanged for a lot of money” , something he gravely needed to settle his debt.

Total crypto market cap currently at $2.5 trillion. Chart: TradingView

Life Imprisonment

Wang will now have to spend the rest of his life in a state penitentiary after a Chinese court sentenced him to life imprisonment for his crime.

Related Reading: The $12.1 Billion Trump Effect: Binance’s Changpeng Zhao Cashes In Big

The People’s Court found Wang guilty of espionage after selling state documents for more than 1 million yuan crypto.

According to the national security agency, a “secret-level document” occasionally ended up in Wang’s workstation. They discovered that there was leniency in implementing the confidentiality regulations in his unit which allowed him to sneak sensitive documents to “foreign spy intelligence agencies”.

Featured image from Rolling Stone, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Wall Street Buys $250M Worldcoin in Crazy Bet: AI Tokens like $SUBBD Primed to Soar

Wall Street Buys $250M Worldcoin in Crazy Bet: AI Tokens like $SUBBD Primed to Soar

41 minutes ago
DeepSeek’s Altcoin Radar: Next Cryptos to Explode in 2025?

DeepSeek’s Altcoin Radar: Next Cryptos to Explode in 2025?

47 minutes ago
Solana Pumps as SOL Strategies Debuts on Nasdaq: Is $SNORT Next to Explode?

Solana Pumps as SOL Strategies Debuts on Nasdaq: Is $SNORT Next to Explode?

1 hour ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 10)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 10)

1 hour ago
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 10)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 10)

1 hour ago
Crypto

Bipartisan Push For Crypto: Democrats Present Key Principles For Market Structure Bill

5 hours ago

Premium Sponsors

Press Releases

  • miner

    Mint Miner Launches Smart Mining App to Help XRP...

    5 hours ago
  • miner

    7 Highest-Rated and Most Popular Cloud Mining Apps in 2025...

    9 hours ago
  • XRP

    Quickly make XRP “mine and earn money”, and...

    13 hours ago
  • XRP Holders

    LET Mining: A Passive Income Engine for XRP Holders...

    14 hours ago
  • miner

    Ripple (XRP) is attracting investor interest: ALL4 Mining...

    18 hours 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

Categories

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

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • 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
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 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.