Cryptojacker Charged with Defrauding Two Cloud Providers of $3.5M

United States prosecutors have filed charges against a Nebraska man accused of a cryptojacking scheme that allegedly defrauded two cloud providers – one headquartered in Seattle and the other in Redmond, Washington – of $3.5 million. Prosecutors allege that the cryptojacking scheme yielded cryptocurrency mining valued at almost $1 million. Prosecutors claim that Parks used the ill-gotten gains for extravagant purchases, including a luxury Mercedes Benz, jewelry, and first-class hotel and travel expenses. Brooklyn U.S. Attorney Breon Peace said in a statement that the office is committed to prosecuting criminal actors who use sophisticated technology for fraudulent activities.

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