ChainCatcher news, according to Decrypt, Charles O. Parks III, a man from Nebraska, USA (online name "CP3O"), has been sentenced to one year and one day in prison for orchestrating an illegal "crypto hijacking" scheme worth $3.5 million. He illegally mined by stealing cloud computing resources, making nearly $1 million in profit, which was used to purchase luxury goods.

Parks has paid a $500,000 fine and a Mercedes-Benz, with the amount for restitution still to be determined. It is reported that he disguised himself as an educational platform to defraud cloud service providers for computing resources used to mine Ethereum, Litecoin, and Monero, and laundered money through exchanges and banks.