#CryptojackingScheme

Alleged cryptojacker accused of stealing $3.5M to mine under $1M in crypto

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April 16, 2024 at 12:39PM A Nebraska man will appear in court today, accused of defrauding cloud service providers of $3.5 million in a cryptojacking scheme. Charles O. Parks III allegedly used high-powered resources to mine nearly $1 million in cryptocurrency. Parks faces up to 20 years in prison for wire fraud and money laundering, … Read more

Secret multimillion-dollar cryptojacker snared by Ukrainian police

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January 12, 2024 at 01:04PM Europol-led investigation results in the arrest of a 29-year-old in Ukraine, suspected of orchestrating a multi-million-dollar cryptojacking scheme. The suspect exploited cloud environments to mine over $2 million worth of cryptocurrencies. Despite the involvement of a cloud provider and law enforcement, the identity of the individual remains under judicial secrecy. … Read more