Ukrainian Authorities Arrest 29-Year-Old Cryptojacker: Analyzing the Cryptocurrency Cybercrime Scene

Ukrainian Authorities Apprehend Crypto-Jacker Exploiting One Million Virtual Servers

The National Police of Ukraine, with the support of Europol, have made a significant arrest in the world of cybercrime. On January 9th, a 29-year-old individual was apprehended in Mykolaiv for unlawfully mining cryptocurrencies by breaching numerous cloud accounts. What makes this arrest noteworthy is the scale of the operation: the suspect allegedly breached 1,500 accounts and created over one million virtual computers for a large-scale crypto-mining scheme. The arrest marks a notable escalation in the scope of crypto-jacking, a cyberattack method where hackers seize computer resources to mine cryptocurrencies illegally.