South Korean police acquire cryptocurrency for leaking secret military passwords

In South Korea, a public scandal has erupted after several army officers used secret military passwords as collateral to obtain loans that were later used to buy cryptocurrency. Local media reported that these officers violated the Law on the Protection of Military Secrets.

One of the senior officers has already been sentenced to 30 months in prison, suspended for four years, and was dismissed from the army. The incident is also known to have occurred at a military unit in Chungcheong, where several officers aged 20 to 30 tried to get money to invest in cryptocurrency.

When banks refused to give them loans, the officers offered secret passwords used to access military facilities as collateral. Investigative authorities are currently investigating and plan to file charges for violating the Law on the Protection of Military Secrets. Although the banks did not use these passwords to gain unauthorized access to military facilities, the event itself has already become a high-profile one in the country.

Earlier, analysts from Jamf Threat Labs reported a growing threat of hacker attacks on LinkedIn users, including owners of digital assets and cryptocurrency projects.

Hackers use social engineering to spread RustDoor malware, which allows them to gain control over infected systems and steal important data, including passwords to crypto wallets and exchanges.