The Ukrainian cyber police detained a 35-year-old resident of Poltava who hacked over 5000 accounts of clients of an international hosting company for the illegal mining of cryptocurrency. According to law enforcement, the perpetrator has been using open information since 2018 to search for vulnerabilities in the protection of international companies' servers. After hacking the accounts, he deployed virtual machines that utilized the computing power of the hosting provider for mining, causing damages of $4.5 million (approximately 185 million UAH).
During searches, the suspect's computers, mobile phones, bank cards, and other evidence were seized, including cryptocurrency wallets with illegally mined assets, mining management scripts, and remote access tools. The perpetrator operated in several regions of Ukraine, including Poltava, Odesa, Zaporizhzhia, and Dnipro, to avoid detection. He has been charged under part 5 of Article 361 of the Criminal Code of Ukraine, which provides for up to 15 years in prison.
This case highlights the growing threat of cryptojacking, where criminals use others' resources for mining. The investigation is ongoing, and additional charges are possible. Stay updated on the crypto world with #MiningUpdates
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