A man in Ukraine has been detained over accusations of hacking the account of an international hosting company and using it to mine crypto.
The Ukrainian National Police unit for cyber activities stated in a June 4, 2025, press release that a 35-year-old man residing in the Poltava region had been collecting information from open sources since 2018, identifying weaknesses in the protection of various international companies, and gaining access to their servers.
It is worth noting that the defendant gained access to 5,000 customer accounts illegally from an international hosting company that offers server rental services and the online operation of several websites and online platforms.
By gaining access to these accounts, the hackers began to deploy unauthorized virtual machines using the company’s server resources. Following these illicit activities, the company suffered a loss of around $4.5 million.
After investigating in depth, the Cyber Police noted the hacker has periodically changed his locations from Poltava, Odessa, Zaporizhia, and Dnipropetrovsk region, and when raiding, the officials seized laptops, bank cards, mobile phones, and other physical evidence.
The press release said that, “ Criminal proceedings were initiated under Part 5 of Article 361 (Unauthorized interference in the operation of information (automated), electronic communication, information and communication systems, electronic communication networks) of the Criminal Code of Ukraine. The sanction of the article provides for a penalty of imprisonment for a term of up to fifteen years with deprivation of the right to hold certain positions or engage in certain activities for a term of up to three years.”
Yet the pre-trial investigation is still in process, and additional charges might be imposed while concluding.
What is Cryptojacking?
In very simple words, Cryptojacking is the unauthorized usage of someone else’s computer or device to mine crypto. Hackers infiltrate systems through malware, the majority of which are delivered via phishing emails, malicious websites, or software vulnerabilities to run mining scripts secretly.
This hijacks the processing power of a device, generating cryptocurrency for hackers while slowly bringing down the system of the victim.
One of the most popular cryptojacking events occurred in 2018, when hackers exploited an unsecured Kubernetes console in Tesla’s cloud environment to run a cryptojacking script, mining crypto using Tesla’s computational power.
The cryptojacking has targeted Amazon Web Services (AWS) Platforms like AWS Amplify, Fargate, and SageMaker, infiltrating cloud services without triggering resource approval alerts, using sophisticated methods to mine Monera covertly.
A quick price update of the crypto market
Until publishing, the crypto market cap was $3.28 trillion with a loss of 0.88% in the past 24 hours, and the trading volume of the market is $102.92 billion, and at the same time, the crypto fear and greed index was at 55, indicating neutrality.
Bitcoin is at $104,464 with a loss of 0.93%, and its market cap is at $2.09 trillion with a loss of 0.70%, and trading volume is $42.74 billion with a decline of 2.31%.
The intraday gainers are PanCakeSwap, Tron, Quant, and Lido DAO; at the same time, the losers of the list are Fartcoin, Dogwifhat, Ethena, Core, Monera, Curve DAO, and Bonk.
