2025-12-29 11:41:23

#数字资产市场动态 $BTC, $ETH, $BNB traders, attention—recently, South Korea's Supreme Court ruled on a major case involving virtual asset exchanges. A exchange executive was sentenced to 4 years in prison and a 4-year industry ban for receiving approximately 920 million Korean won in crypto assets suspected to be from North Korean hackers, and for assisting in contacting active military officers to steal military intelligence. The involved officer received a harsher sentence of 10 years in prison and a fine for leaking secrets. Authorities believe these hackers are likely affiliated with North Korea's Reconnaissance General Bureau's "110 Research Institute."

This incident serves as a warning to exchanges—not only must they manage risks but also prevent those who use trading platforms to launder money or transfer illegal gains. For retail investors, choosing compliant platforms with strict risk controls is even more important. After all, once such incidents occur, the safety of small investors' funds cannot be guaranteed.

BTC-0.44%

ETH-0.74%

BNB-0.81%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
5
Repost
Share

Comment

0/400

SmartContractPlumber

· 2h ago

That's why I've always emphasized how crucial permission control is — exchanges' audits often only look at the code but overlook the human factor, which is the biggest vulnerability exploitation chain.

View OriginalReply0

EternalMiner

· 3h ago

Wow, the exchange负责人 still dares to collude with North Korean hackers? How bold do you have to be to dig your own grave. Really, now choosing a platform needs to be more cautious, don't get caught and become an innocent leek. This matter has caused a fuss, and KYC will definitely become stricter again. If I had known how important it is to choose a reliable exchange... After calculating, money laundering is really not worth it, brother. It seems I need to pay attention to the platform's compliance, otherwise small investors will end up suffering in the end.

View OriginalReply0

MissingSats

· 3h ago

This exchange guy is really bold, actually helping to launder money, such a big guts. A compliant platform really can't be skimped on, small investors' money can't withstand such turbulence. No wonder every exchange is desperately tightening risk control now, they can't escape the scrutiny of regulation. If it were me, I would have run away long ago; a 4-year industry ban is just too harsh. The severity of South Korea's penalties is no joke; North Korean hackers are up to new tricks again.

View OriginalReply0

FUD_Vaccinated

· 3h ago

Wow, the exchange boss was directly trapped for 4 years? That operation is incredible. Still dare to collude with North Korean hackers while laundering money, really has some guts. --- 110 Institute? Sounds like a bad place. The crypto world really needs to grow up. --- Choosing an exchange now is like choosing a wife. You have to pick someone reliable, or else if they run away, the money is gone too. --- 9.2 billion Korean won sounds like a lot, but it's really just so-so. But daring to do this is really stupid. --- Small investors suffer the most, caught in the middle, clueless and just dragged down. --- This guy being banned for 4 years is basically ruined. Is it worth it, brother? --- An officer leaking secrets and still daring to get involved in the crypto world? What a brain. --- Regulated exchanges are becoming more and more important. If you're not careful, you'll become an accomplice. --- No wonder regulations are tightening more and more; it's all these people causing trouble.

View OriginalReply0

nft_widow

· 3h ago

Oh my, the exchange is playing so big... Assisting in military intelligence theft? Is this still the crypto world? --- It's North Korean hackers again, money laundering again. Retail investors are really caught in the crossfire. --- So I guess you have to choose a big platform. Small exchanges really can't provide guarantees... Feeling frustrated. --- 10 years in prison. This guy's life is basically ruined. Why bother? --- One day in the crypto world, ten years in prison. I've realized. --- Now it's all over. Regulators are after us again. What about the market? --- 4-year industry ban? He's over 40 now, no chance to turn things around. --- You really have to be cautious when choosing a platform. Compliance ≠ safety, but non-compliance is definitely unsafe.

View OriginalReply0