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.
Cryptojacker Charged in $3.5 Million Scheme
Charles O. Parks III, also known as “CP3O,” was charged with wire fraud and money laundering offenses for allegedly orchestrating a large-scale illegal “cryptojacking” operation.
According to the Brooklyn U.S. Attorney’s Office, Parks defrauded two cloud computing providers of $3.5 million to mine approximately $970,000 worth of cryptocurrencies, including Ether, Litecoin, and Monero, using the companies’ resources without authorization.
Prosecutors claim that Parks used the ill-gotten gains for extravagant purchases, including a luxury Mercedes Benz, jewelry, and first-class hotel and trave
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