Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Eight jailed after China used crypto to pay its spies in Taiwan – DL News
    Cryptocurrency

    Eight jailed after China used crypto to pay its spies in Taiwan – DL News

    August 23, 20242 Mins Read


    Asia Dispatch

    • Taiwan sentenced eight military officials in a China spy case.
    • China paid them in crypto for spying, Taiwan says.

    China may prohibit its citizens from buying and selling crypto, but it’s more than willing to use digital assets when paying foreign spies.

    That’s the takeaway after eight current and former military officers were sentenced on Thursday to prison terms ranging from 18 months to 13 years for violating Taiwan’s National Security Act and the Criminal Code of the Armed Forces.

    The individuals were recruited to build a spy network for Beijing, according to Taiwan’s Central News Agency.

    And, according to the Taoyuan City Investigation Office of the Bureau of Investigation, they were paid in crypto — although it’s not clear if it was the only payment method used.

    “This case effectively halted the continued leak of military secrets and uncovered the Chinese Communist Party’s new criminal tactic of offering bribes in the form of virtual currency,” the bureau said in a statement.

    While the total amount of crypto involved in the bribes remains unclear, Taiwan is trying to stem a rising tide of espionage cases involving digital currencies.

    In March, for example, Ma Chih-wei, a People’s Party candidate for the Taoyuan City legislative committee, was indicted after allegedly receiving over $30,000 in Tether from Chinese sources to support her political campaign.

    Crypto-related crime has also been booming in Taiwan, pushing candidates’ in this year’s elections to call for a crackdown on fraud, including those involving crypto.

    Join the community to get our latest stories and updates

    Callan Quinn is an Asia Correspondent for DL News. Got a tip? Email her at callan@dlnews.com.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Lawsuit seeking cryptocurrency associated with massive bank fraud appears headed for dismissal

    Cryptocurrency

    India,UAE to start settling trade in local currencies soon – Economy News

    Cryptocurrency

    India, UAE look to finalise bilateral trade in local currencies soon

    Cryptocurrency

    RCMP recover $56-million from cryptocurrency platform called TradeOgre

    Cryptocurrency

    ​​Crypto Market Update: Regulatory Shifts and Bitcoin’s $116K Rally​

    Cryptocurrency

    Cryptocurrency News Live: Bitcoin, Ethereum, Solana, memecoin, altcoin updates; check prices today, other details

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Certified FIND MINING Launches the Best Free AI Cloud Mining Service for BTC, DOGE, XRP and Other Popular Cryptocurrency Enthusiasts

    Commodities

    Canada, Ontario now offering the Farmer Wellness Initiative to agricultural workers in the province

    Commodities

    Professor Named Fellow of Biological and Agricultural Engineering Society at International Meeting

    Editors Picks

    Tenet Healthcare Corporation reçoit une proposition d’actionnaire du New York State Common Retirement Fund

    April 11, 2025

    Climate could force massive losses in property value amid migrations

    February 2, 2025

    Alandalus Property unveils financials results for 2024, dividends for H2

    March 24, 2025

    RICS’ agents report housing market is faltering

    August 13, 2025
    What's Hot

    Charter Hall, Hostplus make ‘final’ offer for Hotel Property Investments — Capital Brief

    October 17, 2024

    How tech workers earning €150,000 are changing the Dublin housing market – The Irish Times

    August 21, 2025

    Projet E-CHO : “c’est ce que l’on ne veut plus voir au XXIe siècle” pour l’agglomération Pays Basque

    March 30, 2025
    Our Picks

    En 2024, il s’est vendu chaque mois 135 biens à plus d’un million d’euros

    June 17, 2025

    Bourse de Milan en hausse, portée par l’attente de Wall Street ; envolée de Ferragamo et des cycliques, repli des utilities

    April 23, 2025

    Pineapple Energy Announces Two Additional Commercial Solar

    October 21, 2024
    Weekly Top

    Luke Littler’s retirement hint, tournament withdrawal and theory on what he really means

    September 18, 2025

    Dividend Stock Portfolio For Income: 12 Stocks to Buy Now

    September 18, 2025

    Money20/20 Europe 2025: What to Expect at the Premier Fintech Event

    September 18, 2025
    Editor's Pick

    BlackRock to Launch 4 Laddered Bond ETFs

    October 29, 2024

    New Details Emerge About Ancient Inca Counting Technology

    August 13, 2025

    Axis Commercial Real Estate Fund: Axis Commercial Real Estate Fund acquires Fintech City plot for 75cr | Chennai News

    August 12, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.