RATE Group | Alleged $5M cryptocurrency fraud made this guy one of AWS’ biggest clients
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Alleged $5M cryptocurrency fraud made this guy one of AWS’ biggest clients

10 Oct Alleged $5M cryptocurrency fraud made this guy one of AWS’ biggest clients

Posted at 11:13h in Cryptocurrency News by

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A Singaporean man faces over 30 years in prison for masquerading as a Californian games developer to illicitly obtain cloud computing power to mine cryptocurrency, an FBI investigation has revealed.

US authorities indicted Matthew Ho, 29, with 14 counts related to his long-running scam, which allegedly involved stealing identities and credit cards to purchase services from major US-based providers Amazon Web Services (AWS) and Google Cloud Services.

According to a Department of Justice (DoJ) release, Ho consumed more than $5 million in unpaid cloud computing services between October 2017 and February 2018 — a time span of just a few months.

The extent of the operation allegedly made Ho one of AWS‘ largest consumers of data by volume for a short time.

This was reportedly possible due to Ho’s creation of a “web of phony email accounts,” combined with social engineering techniques, to convince cloud computing…

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