Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

What Robinhood’s recent layoffs say about the current state of crypto investments

03/07/2026

Forward Industries Shares Spike as Leading Solana Treasury Adds $38 Million in SOL

03/07/2026

Shanghai crypto forex case sends five to prison over $29M transfers

03/07/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin’s long-term holders have returned to accumulation

    03/07/2026

    Why retail FOMO could support Peter Schiff’s $50K BTC call

    03/07/2026

    Crypto Analysts Say Bitcoin Could Be Nearing a Bottom After Significantly Bearish Month

    03/07/2026

    South Korea’s K Wave Media exits Bitcoin after 10,000 BTC goal

    03/07/2026

    The $1,668 line that decides ETH’s 2026

    02/07/2026

    Old Ether wallets move 37,806 ETH as whale conviction faces key test at $1.5K

    02/07/2026

    Wallets Tied to Former Celsius CEO Alex Mashinsky Dump 17,600 ETH as Legal Fallout Continues

    02/07/2026

    Mysterious New Address Withdraws $23.5 Million in Ethereum From WhiteBIT

    02/07/2026

    Forward Industries Shares Spike as Leading Solana Treasury Adds $38 Million in SOL

    03/07/2026

    XRP Escrow Unlock Releases 1 Billion Tokens Worth $1.04 Billion

    03/07/2026

    ENS Community Member Proposes Dissolving DAO After Founder Blocks Security Council Renewal

    03/07/2026

    Ripple’s Ex Chief Engineer Reacts to New Visa-Mastercard Stablecoin

    03/07/2026

    Element NFT Marketplace Expands Reach to Ink to Enhance NFT Accessibility

    27/06/2026

    Why is Pudgy Penguins (PENGU) Trending? What You Need to Know

    22/06/2026

    Top 10 NFT Performers by Trading Volume, Courtyard Outshines

    22/06/2026

    Pudgy Penguins expands retail footprint with Target trading card rollout

    20/06/2026

    What Robinhood’s recent layoffs say about the current state of crypto investments

    03/07/2026

    Forward Industries Shares Spike as Leading Solana Treasury Adds $38 Million in SOL

    03/07/2026

    Shanghai crypto forex case sends five to prison over $29M transfers

    03/07/2026

    Binance Continues to Expand Its Futures Trading Product Range with Major Companies! Here Are the Latest Added Pairs

    03/07/2026
  • Blockchain

    Yat Siu: The crypto industry must bring back fun to attract users, AI agents will revolutionize decentralized finance, and the metaverse is integrating into our daily lives

    03/07/2026

    BNB Chain, CoinMarketCap, and Trust Wallet Launch $36,000 BNB HACK: AI Trading Agent Edition

    03/07/2026

    Nasdaq Takes Equity Market Data Onchain with Pyth

    02/07/2026

    Crypto analytics firm Chainalysis proposes standards for blockchain tracing

    02/07/2026

    USDai Co-Founder Discusses Blockchain Liquidity — What’s the Impact?

    02/07/2026
  • DeFi

    CSWAP Announces New Integration That Simplifies Bitcoin Access to Cardano Ecosystem

    02/07/2026

    STBL Launches USST Stablecoin on Stellar as Institutions Chase Real-World Asset Liquidity

    02/07/2026

    Tokenized Google stock inflated 7,700% in rare DeFi lending exploit

    01/07/2026

    Morpho poised to scale as DeFi infrastructure play, Standard Chartered says

    01/07/2026

    Kuvi Labs Partners with AI-Pay with Crypto, Strengthening DeFi with Decentralized Agentic Infrastructure

    29/06/2026
  • Metaverse

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026
  • Regulation

    What Robinhood’s recent layoffs say about the current state of crypto investments

    03/07/2026

    AI Investment Boom Faces Mounting Cost Pressures as Chip Rally Raises Market Concerns

    03/07/2026

    Nvidia supplier SK Hynix files for massive $29.4B Nasdaq offering

    03/07/2026

    Trump reports over $1.4B in crypto earnings as Bitcoin nears yearly low

    03/07/2026

    Jefferies warns against buying the dip in Circle as Open USD raises new competition fears

    02/07/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance Continues to Expand Its Futures Trading Product Range with Major Companies! Here Are the Latest Added Pairs

    03/07/2026

    AEON Expands Web3 Mobile Payments to Zambia with Airtel and MTN

    03/07/2026

    MetaMask launches Money Account letting users earn, spend, and trade from one balance

    03/07/2026

    SpaceX Dominates as Tokenized Pre-IPO Trading Volume Surges 1,060%: CoinGecko

    03/07/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Nexus Acquires Homegrown App Marketplace One Store, Expanding into Global Web3 Game Hub

    21/06/2026

    GMATRIXS and Plum Protocol Partner to Blend GameFi with Meme Assets, Driving Multi-Chain Web3 User Experience

    16/06/2026

    Crypto game studio Uncharted to shutdown along with Fishing Frenzy

    15/06/2026

    Pudgy Penguins Halts Web3 Mobile Game Pudgy Party to Focus on Pudgy World

    14/06/2026

    SBI Crypto shuts Bitcoin mining pool after five-year run

    02/07/2026

    Is Riot Platforms’ 500 BTC sale an early warning for Bitcoin’s Q3?

    02/07/2026

    Empery Digital Shifts From Bitcoin Treasury Strategy With $65M AI Data Center Deal

    01/07/2026

    Bitcoin miners flash another warning for BTC bulls

    29/06/2026

    Shanghai crypto forex case sends five to prison over $29M transfers

    03/07/2026

    Bank of England concerned about AI agents, proposes regulatory reform

    03/07/2026

    Venga lands rare MiCA license as EU moves ahead with leaner crypto space

    03/07/2026

    Will the CLARITY Act Be Passed in July?

    03/07/2026

    What Robinhood’s recent layoffs say about the current state of crypto investments

    03/07/2026

    Forward Industries Shares Spike as Leading Solana Treasury Adds $38 Million in SOL

    03/07/2026

    Shanghai crypto forex case sends five to prison over $29M transfers

    03/07/2026

    Binance Continues to Expand Its Futures Trading Product Range with Major Companies! Here Are the Latest Added Pairs

    03/07/2026
  • MarketCap
NBTC News
Home»Legal»Chinese official gets life sentence for selling state secrets to pay crypto debts
Legal

Chinese official gets life sentence for selling state secrets to pay crypto debts

NBTCBy NBTC12/11/2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


A Chinese public official has been sentenced to life imprisonment for selling state secrets to foreign entities to cover crypto investment losses, China’s Ministry of State Security announced on November 8.


The official, named Wang, reportedly faced substantial debts incurred from unsuccessful crypto investments. In a desperate bid to alleviate his financial burden, he turned to an online forum seeking part-time work, inadvertently revealing his status as a civil servant.

The decision opened the door for foreign operatives who contacted him with offers of substantial remuneration in exchange for information about his confidential unit’s production tasks and research progress.

Wang, described as a promising young man by his colleagues and family, agreed to provide top-secret and confidential state secrets to foreign agencies in exchange for payment.

Initially, he offered a small amount of internal information, but as he became increasingly entangled in the scheme, he leaked more sensitive information. The former civil servant ultimately received over 1 million yuan in crypto.

The People’s Court sentenced him to life imprisonment for espionage and stripped him of all political rights.

The ministry said Wang’s unit failed to strictly implement confidentiality management systems and protective measures, creating opportunities for the security breach. National security agencies have ordered the unit to undertake corrective measures.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

Shanghai crypto forex case sends five to prison over $29M transfers

03/07/2026

Bank of England concerned about AI agents, proposes regulatory reform

03/07/2026

Venga lands rare MiCA license as EU moves ahead with leaner crypto space

03/07/2026

Will the CLARITY Act Be Passed in July?

03/07/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

What Robinhood’s recent layoffs say about the current state of crypto investments

03/07/2026

Forward Industries Shares Spike as Leading Solana Treasury Adds $38 Million in SOL

03/07/2026

Shanghai crypto forex case sends five to prison over $29M transfers

03/07/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

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