{"id":99192,"date":"2024-11-08T09:29:47","date_gmt":"2024-11-08T13:29:47","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=99192"},"modified":"2024-11-08T09:29:56","modified_gmt":"2024-11-08T13:29:56","slug":"life-sentence-over-crypto-state-secrets-sale","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/life-sentence-over-crypto-state-secrets-sale\/","title":{"rendered":"Chinese Official Receives life Sentence over Crypto Debt-Fueled State Secrets Sale"},"content":{"rendered":"\n<p>A Chinese official was sentenced to life in prison for selling state secrets to pay off <a href=\"https:\/\/coinscreed.com\/staging\/thai-sec-proposes-new-crypto-investment-rules.html\" target=\"_blank\" data-type=\"post\" data-id=\"96042\" rel=\"noreferrer noopener\">crypto investment<\/a> debts.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"403\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Underground-Crypto-Trading-in-China-Hits-75-Billion-Following-Crypto\u202fBan.jpg\" alt=\"Chinese official Receives life Sentence over Crypto Debt-Fueled State Secrets Sale\" class=\"wp-image-99196\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Underground-Crypto-Trading-in-China-Hits-75-Billion-Following-Crypto\u202fBan.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Underground-Crypto-Trading-in-China-Hits-75-Billion-Following-Crypto\u202fBan-300x157.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><figcaption class=\"wp-element-caption\">Chinese official Receives life Sentence over Crypto Debt-Fueled State Secrets Sale<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Life Sentence over State Secrets Sale<\/h2>\n\n\n\n<p>China's Ministry of <a href=\"https:\/\/coinscreed.com\/staging\/nft-marketplaces-under-investigation-by-the-united-states-sec-over-security-breaches.html\" data-type=\"post\" data-id=\"19837\">State Security<\/a> announced on November 8 that a Chinese public official has been sentenced to life imprisonment for selling state secrets to foreign entities to offset crypto investment losses.<\/p>\n\n\n\n<p>Wang, the official in question, was purportedly saddled with substantial obligations as a result of his unsuccessful cryptocurrency investments. In an effort to alleviate his financial burden, he visited an online forum in search of part-time employment, inadvertently disclosing his status as a civil servant.<\/p>\n\n\n\n<p>The decision provided foreign operatives with the opportunity to contact him with offers of substantial remuneration in exchange for information regarding the production duties and research progress of his confidential unit.<\/p>\n\n\n\n<p>In exchange for payment, Wang, who was regarded as a promising young man by his colleagues and family, consented to disclose top-secret and confidential state secrets to foreign agencies.<\/p>\n\n\n\n<p>At first, he disclosed only a modest quantity of internal information; however, as he became more deeply involved in the scheme, he disclosed more sensitive information. In the end, the erstwhile civil servant received more than one million yuan in <a href=\"https:\/\/www.oswego.edu\/cts\/basics-about-cryptocurrency#:~:text=A%20cryptocurrency%20is%20a%20digital,as%20a%20virtual%20accounting%20system.\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">cryptocurrency<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n<p>He was convicted of espionage and sentenced to life imprisonment by the People's Court, which also revoked all of his political rights.<\/p>\n\n\n\n<p>The security breach was facilitated by Wang's unit's failure to rigorously enforce confidentiality management systems and protective measures, according to the ministry. The unit has been directed by national security agencies to implement corrective measures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Chinese official was sentenced to life in prison for selling state secrets to pay off crypto investment debts. Life Sentence over State Secrets Sale China&#8217;s Ministry of State Security announced on November 8 that a Chinese public official has been sentenced to life imprisonment for selling state secrets to foreign entities to offset crypto [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":99196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[22704,22705,22707],"class_list":["post-99192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chinese-official","tag-life-sentence","tag-state-secrets"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Underground-Crypto-Trading-in-China-Hits-75-Billion-Following-Crypto\u202fBan.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=99192"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/99196"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=99192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=99192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=99192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}