RATE Group | Identity thief steals $5M worth of computing power to mine cryptocurrencies
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Identity thief steals $5M worth of computing power to mine cryptocurrencies

09 Nov Identity thief steals $5M worth of computing power to mine cryptocurrencies

Posted at 04:39h in Cryptocurrency News by

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  • Matthew Ho used co-founder of Riot Games, Marc Merrill’s identity to buy cloud computing from Amazon and Google.
  • Ho is currently charged with eight counts of wire fraud, four counts of access device fraud and two counts of identity theft.

Forbes recently discovered that the co-founder of Riot Games, Marc Merrill, was the previously anonymous victim of Matthew Ho’s identity theft scheme. Riot Games is widely popular as the developer behind the successful “League of Legends.” 

Ho, a Singaporean national, allegedly used Merrill’s credit card information to purchase cloud computing from Amazon, Google, etc. In October, Ho was indicted by the US prosecutors, who claimed that the total worth of computing services used by Ho totaled over $5 million. The prosecutors also alleged that Ho even became the largest AWS data consumer. 

The prosecutors added:

In the few months his scheme remained active, Ho consumed more than $5 million in unpaid cloud computing…

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