State officials in China are now closing a loophole in national privacy rules after discovering that one of their colleagues was assigned to a secret unit. sell state secrets To foreign contacts to pay off their debts incurred from crypto investment losses.
The incident prompted Chinese authorities to closely assess their privacy systems to address any vulnerabilities and prevent similar situations from occurring.
Leaking confidential information for crypto
China’s National Security Agency found that a public official working in a state-run secret unit was found guilty of espionage, saying the civil servant named Wang Moumou had handed over sensitive information to foreigners.
The Chinese government said a man named Wang, who suffered losses from investing in cryptocurrencies and owed huge debts, was lured by a foreign spy and sold state secrets. He was sentenced to life imprisonment. Wang received espionage funds equivalent to more than 1…
-Wu Blockchain (@WuBlockChain) 8 November 2024
According to the Ministry of National Security of the country. Wang leaked “top-secret” and “confidential state secrets” to another party abroad, it said, adding that Wang received more than 1 million yuan worth of cryptocurrency as part of giving away important information about the Chinese government .
Chinese authorities reported that Wang resorted to such crimes against the state after suffering significant monetary losses from unsuccessful investments in digital currencies.
beginning of espionage
The National Security Agency described Wang as “a good young man in the eyes of his unit and family”, admitting that the loss of his crypto investments prompted him to seek a part-time job at an online forum.
The Chinese agency said “someone from abroad” communicated with him and offered him work that included providing information such as his unit’s research progress and production operations in exchange for crypto payments.
Wang agreed to the deal and received a large amount of digital money for the information he handed over to the foreigners.
“Facing the temptation of money, Wang Moumou’s bottom line of confidentiality began to loosen,” the Chinese ministry said.
According to officials, Wang was still hesitant at the beginning and gave only “a small amount of inside information” to his contact in exchange for payment. However, Wang gave up after thinking that “some photographs and some documents could be exchanged for a lot of money”, something he desperately needed to pay off his debts.
life imprisonment
Wang will now spend the rest of his life in a state prison after a Chinese court sentenced him to life in prison for his crimes.
The People’s Court found Wang guilty of espionage after selling state documents for more than 1 million yuan of crypto.
According to the National Security Agency, a “secret level document” occasionally reached Wang’s work station. He found that his unit had been lenient in enforcing confidentiality rules, allowing him to pass on sensitive documents to “foreign spy intelligence agencies”.
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