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