Crypto For Secrets: Chinese Man Sentenced To Life For Selling State Info

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The story "Crypto For Secrets: Chinese Man Sentenced To Life For Selling State Info" was covered 1 weeks ago by Bitcoinist, a news publisher based in Hungary.

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Bitcoinist 1w ago

Crypto For Secrets: Chinese Man Sentenced To Life For Selling State Info - Bitcoinist

Quick Summary:

State authorities in China are now patching loopholes in the national confidentiality regulations after they discovered that one of their colleagues assigned in a confidential unit sold state secrets to foreign contacts to pay off its debt incurred from crypto investment losses.

According to authorities, Wang was still hesitant at the start and only gave “a small amount of internal information” to his contact in exchange for payment.

The Chinese agency said that “someone from abroad” communicated with him and offered him work which involved providing his contact with information such as his unit’s research progress and production tasks in exchange for crypto payment.