Identity Thief Spends $5 Million on Cloud Computing to Mine Cryptocurrency

2019-10-12 22:00

Singaporean citizen Ho Jun Jia has been indicted for stealing over $5 million worth of cloud computing services to mine cryptocurrencies.

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Фото:

Singapore Man Faces 34 Years in Prison for Illegal Crypto Mining

A 29-year-old man from Singapore faces 34 years in prison after allegedly stealing Amazon AWS and Google Cloud computing power and services to mine crypto. Stole Victims’ Information to Mine Crypto Ho Jun Jia also known as Matthew Ho was taken into the custody of the Singapore Police Force on September 26 after being charged under a 14-count indictment.

2019-10-11 18:00


Фото:

Chinese Listed Companies and Bitcoin Mining: Partner or Predator?

This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin.

2019-5-29 18:53


Фото:

Cryptojacking: Malicious Cryptocurrency Mining Is not a Crime, Japanese Court Rules

A court in Japan has acquitted an individual accused of embedding a cryptojacking malware in his website to surreptitiously mine cryptocurrency using the computing power of the visitors to the site. Local Japanese media platform, The Mainichi reports that the court ruled that such activity wasn’t a criminal offense. Meanwhile, Internet security experts continue toRead More

2019-3-29 20:00


Report Links 74% of Bitcoin Mining to China, Sees Threat to Network

Bitcoin, the world’s most sought-after cryptocurrency, could be at the wish and whim of Asia’s economic giant. A recent study titled “The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin,” jointly researched by Princeton University and Florida International University researchers, suggests China’s mining scene has an overwhelming influence over Bitcoin, something that could invite network manipulation.

2018-10-11 00:29


Фото:

Cryptojacking Becomes More Sophisticated With Time: Chinese Researchers

Cryptojacking, an attempt to use a device’s spare computing power to mine digital currencies, is gaining ground ever since crypto assets started getting mainstream acceptance. Researchers from China’s Fudan University and Tsinghua University collaborated with the University of California Riverside to produce the first systematic study of these attacks.

2018-9-27 17:59


Steam removes controversial game accused of mining cryptocurrency

Steam has removed “trivial platformer” game Abstractism from its store following accusations that the game is surreptitiously stealing users’ computing power to mine cryptocurrency. “We have removed Abstractism and banned its developer from Steam for shipping unauthorized code, trolling with content, and scamming customers with deceptive in-game items,” Doug Lombardi, VP of Marketing at Steam, told Hard Fork in an email.

2018-7-31 12:50