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 <p class="paragraph">Authorities in Ukraine have busted a 29-year-old individual on the grounds of compromising cloud accounts to illegally mine cryptocurrencies.&nbsp;</p>
 <p class="paragraph">The arrest conducted on January 9 in Mykolaiv was a collaboration between Europol and an unidentified cloud service provider who apprehended the individual in what was described as a ‘sophisticated <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>jacking scheme,’ Europol said in a press statement on January 12.&nbsp;</p>
 <p class="paragraph">According to Europol, the suspect is believed to have mined over $2 million (€1.8 million) in cryptocurrencies through the compromised accounts.&nbsp;</p>
 <p class="paragraph">On the other hand, Ukrainian cyber police, who also participated in the operation, noted that the individual employed automated tools to forcefully breach the passwords of 1,500 accounts belonging to a subsidiary of an e-commerce entity that was not named.</p>
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 <p class="paragraph">The suspect is accused of leveraging the compromised accounts to obtain administrative privileges. Subsequently, the individual created over one million virtual computers, exploiting them in a large-scale crypto mining operation. The perpetrator allegedly utilized TON cryptocurrency wallets to facilitate the movement of the illegal proceeds.</p>
 <h2 class="wp-block-heading" id="h-tip-off-from-cloud-service-provider-nbsp">Tip-off from cloud service provider&nbsp;</h2>
 <p class="paragraph">During the operation, three properties were searched with Europol, confirming a tip-off from the cloud provider triggered the investigation.</p>
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  <p class="paragraph">“A cloud provider approached Europol back in January 2023 with information regarding compromised cloud user accounts of theirs,” Europol said.&nbsp;</p>
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 <p class="paragraph">The operation also saw Europol’s European Cybercrime Centre (EC3) establish a <a rel="noopener noreferrer nofollow" title="virtual" href="https://thebittimes.com/tag/virtual.html">virtual</a> command post on auction day. This post supported the Ukrainian National Police, offering <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forensic support on the data gathered during the searches.</p>
 <p class="paragraph">As per the Ukrainian authorities, the apprehended suspect has been engaging in the illicit activity since 2021, and they are set to face prosecution.</p>
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  <p class="paragraph">“Investigators of the Main Investigation Department of the National Police opened criminal proceedings under Part 5 of Art. 361 (Unauthorized interference with the work of information (automated), electronic communication, information and communication systems, electronic communication networks) of the Criminal Code of Ukraine,” the statement added.&nbsp;</p>
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 <p class="paragraph">It is worth noting that cryptojacking in a cloud environment involves malicious actors gaining unauthorized access to cloud computing infrastructure and utilizing its computational power to mine cryptocurrencies.&nbsp;</p>
 <p class="paragraph">Through this process, the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>jackers can avoid the costs associated with <a rel="noopener noreferrer nofollow" title="servers" href="https://thebittimes.com/tag/servers.html">servers</a> and power, maximizing their profits. Notably, the compromised account holders are left with substantial cloud bills.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cryptojacker-sets-up-1-million-virtual-servers-mining-millions-in-crypto-illegally-tbt76529.html">https://thebittimes.com/cryptojacker-sets-up-1-million-virtual-servers-mining-millions-in-crypto-illegally-tbt76529.html</a></p>

Cryptojacker sets up 1 million virtual servers mining millions in crypto illegally

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