February 20, 2024

Justice Department accuses miner of stealing $ 5 million computing power

Justice Department accuses miner of stealing $ 5 million computing power

This week, the U.S. Attorney for the Western District of Washington indicted Singaporean citizen Ho Jun Jiafor the theft of computing power for cryptocurrency mining.

According to the US Attorney's Office, between OctoberFrom 2017 to February 2018, Ho ran a “large-scale mining operation” that he financed using stolen identities and credit card information. Thus, he rented cloud capacity from providers while posing as someone else.

It is also stated that during the above periodHo managed to earn . At less than $5 million, it was for a short period one of the largest consumers of Amazon Web Services (AWS) by data usage.

Ho was taken into custody by the Singapore Police Force for the above-mentioned offences under Singapore law.