Ukrainian Hacker Arrested for Massive Cloud-based Scheme
Adekunle Joshua
A 29-year-old Ukrainian hacker was recently arrested for running a big online scheme to steal cryptocurrencies using the cloud
The hacker took advantage of 1 million virtual servers and hacked into 1,500 cloud accounts
The hacker made more than €1.8 million (>$2 million) in cryptocurrency through these illegal activities
The compromised cloud accounts were used for carrying out harmful activities like DDoS attacks and phishing scams
This arrest is important because it brings attention to the widespread problem of stealing cryptocurrencies online (cryptojacking) globally. It also highlights the urgent need for better cybersecurity measures