Hacker arrested for breaching 5,000 hosting accounts to mine crypto
A 35-year-old hacker was detained by Ukrainian authorities after he compromised 5,000 accounts at a global hosting company and mined cryptocurrencies using them, causing $4.5 million in losses.
According to the police release, the suspect unlawfully obtained access to more than 5,000 accounts that belonged to customers of a global hosting company that rents servers for the operation of different websites and online platforms.
Once the offender had access to these accounts, they started exploiting the company's server resources to deploy virtual machines—software that simulates how a computer would operate—without authorization.
The anticipated damages were $4,500,000 since the threat actor used the accounts to mine cryptocurrencies on the servers of the hosting provider.
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