Eight People Convicted in Cryptocurrency Payment Espionage Case by Taiwan Court

Eight persons, including members of the armed forces, were found guilty on Thursday by Taiwan's top court of spying for China. The payments were purportedly sent in cryptocurrencies, according to Central News Agency. There are punishments ranging from 1.5 to 13 years in jail; one person was found not guilty, and the other is still at large. These people were allegedly recruited by the Chinese Communist Party to get military information, with the transactions concealed by virtual money, according to the Ministry of Justice's Investigation Bureau. This example highlights the growing trend of using cryptocurrencies for covert activities, as they provide a degree of anonymity that makes discovery more difficult. Concerned by these security lapses, Taiwan's Defense Ministry promised to step up efforts to find and stop further espionage.

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