A South Korean crypto trade worker was sentenced to 4 years in jail for trying to recruit a navy officer to promote categorized secrets and techniques to North Korea in trade for Bitcoin, the Supreme Courtroom dominated on December 28.
The ruling additionally imposes a four-year ban on the worker from monetary sector actions.
Courtroom paperwork revealed that North Korean hackers paid the trade staffer $487,000 in Bitcoin to recruit a 30-year-old military captain, who acquired $33,500 in Bitcoin in return, in accordance with the South Korean media outlet Dailian.
The staffer approached the officer via a Telegram chat, providing cryptocurrency for entry to delicate navy information.
The staffer despatched a watch-shaped hidden digicam and a USB “hacking gadget” to the captain below hacker directions. These gadgets have been meant to seize and transmit info from the Korean Joint Command and Management System, a platform used to share intelligence between the U.S. and South Korea.
Army police intercepted the gadgets earlier than any breach occurred.
“The defendant should have been conscious that he was trying to uncover navy secrets and techniques for a rustic hostile to South Korea,” the decide mentioned. “This crime might have endangered your complete nation and was dedicated for private monetary acquire.”
The captain, surnamed Kim, was sentenced to 10 years in jail and fined $35,000 for violating the Army Secrets and techniques Safety Act.
DLNews reporting helped with this text.
North Korea’s crypto exploits
The U.S. Treasury Division on November 4, sanctioned eight people and two entities linked to North Korea’s cybercrime operations, concentrating on the circulate of cryptocurrency stolen by DPRK hackers.
Over the previous three years, North Korea-affiliated cybercriminals have stolen greater than $3 billion, primarily in digital belongings, utilizing malware, ransomware, and social engineering to assault banks, exchanges, and different platforms.
The Treasury mentioned the funds assist finance Pyongyang’s nuclear weapons and missile packages.
Amongst these sanctioned have been bankers Jang Kuk Chol and Ho Jong Son, who managed over $5.3 million in cryptocurrency tied to ransomware assaults and DPRK IT staff overseas. Korea Mangyongdae Laptop Know-how Corp., which runs abroad IT delegations, and its president U Yong Su, have been additionally focused, alongside Ryujong Credit score Financial institution in Pyongyang and 5 DPRK banking representatives in China and Russia for laundering hundreds of thousands in international currencies.
In September 2024, the FBI issued a warning that North Korean hackers have been concentrating on U.S. cryptocurrency exchange-traded funds (ETFs) in an try and steal digital belongings.
In response to the company, the attackers are using refined social engineering methods to infiltrate corporations linked to those monetary merchandise.
