The CEO of the South Korean Crypto Exchange has been charged with attempting to keep military secrets for North Korea

The CEO of the South Korean Crypto Exchange has been charged with attempting to keep military secret ...

According to the Agence France-Presse, a South Korean CEO of a cryptocurrency exchange was apprehended amidst suspicion of trying to divulge military secrets to North Korea.

According to South Korean police, this was the first time a "civilian and an active-duty military captain" were caught trying to obtain military secrets on the request of a North Korean officer.

A representative of the Korean National Police Agency said the two men have been arrested for violating the national security law.

The 38-year-old CEO of a crypto management business was recognized as "Lee" by the South Korean police. According to the South Korean authorities, both the CEO and the 29-year-old army captain received crypto payments from the North Korean agent, with the army captain receiving 48 million won and the CEO receiving $600,000.

Lee allegedly asked to "recruit an active-duty officer in order to investigate military secrets" in July 2021, he gave the army captain a watch with a hidden camera and created a hacking device for use by the army captain. The captain then provided the login details to the North Korean agent.

According to a United Nations report in February, North Korean cybercrime organizations stole more than $50 million from three cryptocurrency exchanges.

According to the United Nations Security Council, the North Korean government has used stolen cryptocurrency to finance mass destruction and ballistic missiles.

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