CoinVoice has learned that a South Korean investigation into soldiers using military passwords as loan collateral to buy cryptocurrency has revealed 29 more cases of leaking armed forces secrets. This includes a captain "sending confidential documents" about "special forces' wartime missions." The captain sent the data to an individual who sent "48 million won ($35,700) worth of cryptocurrency in return."

As previously reported, South Korean prosecutors believe that at least three active-duty soldiers handed over "Level 3" military codes and secret documents to loan sharks this year to invest in cryptocurrencies or repay "crypto investment debts."

Earlier this month, South Korea's Defense Ministry revealed that a court sentenced a captain to suspended sentence and expelled him from the military.

Several other soldiers are suspected of similar behavior. Prosecutors have indicted three "loan sharks" on charges that they accepted military secrets in exchange for illegal cash loans.

The ensuing controversy led lawmakers to intervene. Kang Dae-sik, a member of the ruling People's Power Party and a member of the National Defense Committee of the National Assembly, compiled the data from the Ministry of Defense. His office said recently that the data showed that agent soldiers had leaked secrets on 29 different occasions since 2021. Six cases were reported in 2021, eight cases were reported in 2022 and 2023, and seven cases were reported by July 2024. (TVChosun) [Original link]