Crypto spy jailed for life in China, YouTuber accused of $230M fraud: Asia Express
Chinese public servant jailed for for selling state secrets for crypto, and Korean YouTuber accused of fleecing $230M from 15,304 followers.
A former Chinese government employee, identified as Wang Moumou (a placeholder name that translates to “so-and-so” used in China to anonymize individuals) has been sentenced to life imprisonment for selling state secrets to foreign intelligence agencies in exchange for 1 million yuan (about $138,000) in cryptocurrency payments.
Chinas Ministry of State Security said in a WeChat post that Wang racked up big losses and debts from his crypto trading.
Desperate for additional income, he sought part-time work on an online forum, revealing he was a government employment in the process. This post attracted the attention of a foreign intelligence agent, who offered crypto payments for classified information.
Go to Source
Author: Yohan Yun
