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

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

Posted at 10:05h in Cryptocurrency News by

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Singaporean citizen Ho Jun Jia, 29, also known as Matthew Ho, was indicted for stealing over $5 million worth of cloud computing services to mine cryptocurrencies, according to a grand jury indictment from the U.S. District Court in Seattle, Washington.

Ho was arrested in Singapore and is being charged with wire fraud, access device fraud, aggravated identity theft.

The indictment alleges that Ho opened multiple accounts in cloud services providers, including Amazon Web Services (AWS), with at least three stolen identities and credit cards. He then used the cloud computing power to mine several cryptocurrencies including bitcoin and ethereum from October, 2017 to February, 2018, becoming one of the largest data users in terms of volume during the time.

With the stolen personal information, Ho subsequently posed as a prominent California video-game developer, a Texas resident and an Indian tech firm founder. He tricked cloud computing providers to approve heightened…

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