South Korean crypto CEO traded military secrets for Bitcoin
National Security Act violations have been indicted against an investment firm executive and an active duty military officer by the Seoul Central District Prosecutor’s Office.
Forkast has obtained the prosecutor’s investigation report, which states that a North Korean hacker obtained sensitive military information in exchange for Bitcoin and other cryptocurrencies.
On Thursday, local media claimed that an anonymous crypto executive acquired a disguised wristwatch camera and used it to picture and send military secrets to a burner phone.
A North Korean hacker who the CEO met on Telegram six years ago sent him $600,000 in Bitcoin and other cryptocurrencies, according to local media sources.
In the year 2020, the military commander met the hacker for the first time and was rewarded with around US$37,780 in Bitcoin.
It was in January that a crypto executive was instructed by North Korea to buy a hacking device using crypto received from Pyongyang, while army officers attempted to grant the hacker remote access to South Korea’s Joint Command and Control System (JCCS), its internal communications network, by sharing log-in credentials.
The North Korean hacker is still a mystery, despite the two admitting the accusations. This is the first recorded instance of a South Korean military personnel aiding North Korean hacking efforts through social media.