The U.S. Department of Justice has announced the arrest and indictment of Charles O. Parks III, known as “CP3O,” for allegedly renting large numbers of cloud servers to conduct crypto mining and then skipping out on paying the bills.
The DOJ explains that the defendant created a unique scheme that utilized $3.5 million worth of cloud computing resources to mine $970,000 worth of cryptocurrency at the expense of two cloud service providers.
Parks allegedly created fake corporate identities such […]
Crypto miner arrested for skipping on $3.5 million in cloud server bills
Crypto miner arrested for skipping on $3.5 million in cloud server bills
