Digital currency exchange official accused of spying for North Korea

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  • Two South Korean individuals were reportedly paid in bitcoins worth a total of $637,789
  • The device would be used to access South Korea’s joint command and control system
  • The names of the two individuals have not been released.

North Korea’s reputation for the illegal use of computerized cash has come to light again after two South Koreans were captured for carrying out undercover activities against their neighboring enemy dictator.

One person is a serving armed forces commander, while the other is a leader in a computer resource business. The National Police have found the two to be the country’s most memorable records of such a regular citizen-military pairing.

Spy Reportedly Provided Army Captain With ‘Poison Tap’ Device

According to a report by Agence France-Presse (AFP), the 38-year-old advanced resources trading chief named essentially Lee was selected by a North Korean specialist who paid him around $600,000 in computerized cash. Lee selected the 29-year-old armed forces commander by paying him about $38,000.

Lee also allegedly provided the military commander with a Toxic Substance Tap gadget — a USB-like gadget that compromises any PC it’s connected to, as well as a camera-prepped wristwatch.

As part of his job, the military commander used the gadget to steal login data from South Korea’s Tactical Correspondence Framework, the joint command and control system. The information was passed on to the Pyongyang spy.

The two men were arrested for abusing public security regulations, a South Korean police official told AFP.

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Advanced Forms of Currency and North Korea

It’s not every time North Korea has been tricked into the illegal use of advanced cash for the first time. It has been noted that the nation is using advanced monetary standards to avoid worldwide endorsement and stockpiling of its deeply questionable atomic program.

The UN has revealed that the country’s administration supported the theft of more than $50 million from advanced resource exchanges by North Korean programmers in 2021.

This year, the United States also tied the $600 million Axie Infinity Ronin network exploit to North Korean programmers.

In addition, the US branch of justice recently filed a complaint against two Europeans for providing expert data on the most effective method of using computer resources to evade clearances against North Korea.

In the meantime, the more prosperous South Korea has intensified its efforts to bring administrative lucidity to the computerized currency industry. The country’s checkers have laid out some tough prerequisites for both backers and the same trades, including exhaustive enlistment requirements.

In recent years, these directives have been aimed at breaking the apparent syndication of Dunamu, owner of South Korea’s largest computer resource business, Upbit. The Korea Fair Trade Commission (KTFC) has passed regulations that will subject the organization to rigorous scrutiny.

Steve Anderson
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