TechFlow news, on September 24, according to Cryptonews, the South Korean Ministry of Defense confirmed that several military officers are suspected of using high-level military secrets as collateral to borrow money from loan sharks to purchase cryptocurrencies, triggering serious national security concerns. According to a spokesperson for the South Korean Ministry of Defense, the Defense Counterintelligence Command discovered earlier this year that an active-duty captain was suspected of violating the "Military Secrets Protection Act." The officer was tried in a military court in March, sentenced to two years and six months in prison with a four-year reprieve, and officially discharged on September 19.
According to South Korea's Asia Today and Kyungnam News, the involved officers are mostly young personnel in their 20s to 30s who, unable to obtain loans from commercial banks, turned to loan sharks and provided military codes as collateral. These codes are classified as "Level Three Secrets," considered highly sensitive. Currently, South Korean intelligence agencies are conducting further investigations into cases involving active-duty officers at a unit in the Chungcheong region using such codes to obtain loans for cryptocurrency transactions.
