Ukrainian Man Busted for Using Hacked Accounts to Create A Million Mining Servers

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Source: Europol

Europol announced that a 29-year-old man in Ukraine was arrested for using hacked accounts to create 1 million virtual servers used to mine $2 million in cryptocurrency. 

The suspect is believed to be the mastermind behind a large-scale cryptojacking scheme that involves hijacking cloud computing resources for crypto-mining. Europol says they first learned of the cryptojacking attack in January 2023 from a cloud service provider who was investigating compromised cloud accounts on their platform.

Europol, the Ukrainian police, and the cloud provider worked together to develop operation intelligence that could be used to track down and identify the hacker. A separate report by the Ukrainian cyberpolice explains that the suspect has been active since 2021, when he used automated tools to brute force the…