S Korean Gov't Agency Director ‘Ran Crypto Mining Server at Work’

Director Bypassed Firewall with VPN: Auditor

The director’s ingenuity allegedly did not end here, however. The institute, like many South Korean government-affiliated firms, blocks access to crypto mining and crypto wallet-related websites and software.

But the director reportedly managed to use a VPN-powered workaround to bypass the institute’s firewalls.

Additionally, the director, officers claim, “impersonated” a fellow employee, using their account to purchase another dedicated crypto mining GPU.

The institute began to suspect that something was amiss when it conducted an inventory check that revealed some of its GPUs were missing.

Another check seemed to reveal that an unauthorized external network was connected to its system.

The NST’s audit committee thinks that the director caused “approximately 7.86 million won [$5,866] worth of damage.”

Uber CEO @dkhos visited South Korea with a mission to crack what's typically been a tough market for Western companies https://t.co/YBjU4sAKjT

— Bloomberg Markets (@markets) September 3, 2024

It also recommended that the Institute recover the damages and recommended that the director be dismissed.

The auditors also said the director “falsely registered attendance records” and “forged private documents.”

It concluded that the institute should “re-examine the status of its network operations” to “strengthen security.”

In 2021, investigators discovered a government employee mining Ethereum (ETH) beneath Seoul’s most famous opera house.

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