Ukraine Nabs Crypto Bandit Who Hijacked $4.4M in Computing Power
Ukrainian cyber cops just slammed the cuffs on a cryptojacking mastermind—turns out stealing digital currency isn’t as anonymous as some would like to believe.
The haul? A cool $4.4 million in illicit mining profits. Who needs a mining rig when you can hijack someone else’s? Classic.
Law enforcement’s message to crypto criminals: Your hash rate won’t save you now. Meanwhile, Wall Street still can’t decide if Bitcoin’s a currency or a 'store of value'—but they’ll happily charge you 2% to manage either.
Ethereum Gaining Ground as Institutional Favorite for Financial Infrastructure
During a raid, officers seized evidence including crypto wallets, hacking tools, mining software, and credentials tied to compromised systems. Authorities also discovered the man’s involvement in underground hacker forums.
He now faces charges related to illegal interference with information networks, carrying potential penalties of up to 15 years in prison and a professional ban from roles involving access to communication systems. Investigators say more charges may follow as the probe continues.
This case adds to a growing list of international cryptojacking incidents, including a recent U.S. indictment involving nearly $1 million in illicit mining profits obtained through cloud infrastructure abuse.
