Nebraska Man Faces 30 Years for Cryptojacking Scheme

Indictment of Cryptojacker

A man from Nebraska stands indicted by New York authorities facing charges for a cryptojacking scheme costing victims $3.5 million. If convicted, the accused could spend up to three decades behind bars.

Detailed Allegations

Referred to as 'CP30', Charles O. Parks III is accused of orchestrating a large-scale operation that defrauded cloud computing services, leading to substantial financial losses for two companies. The New York police department and FBI forcibly responded, culminating in Parks' arrest in Nebraska.

The Impact and Laundering

The cryptojacker deceitfully mined cryptocurrencies, including Ether, Litecoin, and Monero, by hijacking cloud computing resources. Subsequently, Parks engaged in laundering the proceeds through crypto exchanges, an NFT marketplace, and traditional banking systems to obscure the source of funds while indulging in luxurious expenditures.