Dec 5, 10:17 PM

Charles O. Parks III Pleads Guilty in $3.5M Cryptojacking Scheme, Mined Crypto Worth Nearly $1M

Charles O. Parks III, a Nebraska man also known as "CP3O," has pleaded guilty to wire fraud in connection with a multimillion-dollar cryptojacking scheme. Parks defrauded two major cloud computing service providers of more than $3.5 million in resources, which he used to mine cryptocurrencies such as Ether, Litecoin, and Monero. The mined cryptocurrencies were valued at nearly $1 million. Parks created fake LLCs to gain unauthorized access to VIP-level cloud server resources. This case was announced by the Eastern District of New York in collaboration with the NYPD and the FBI.

#Nebraska #Parks #Ether #Litecoin #Monero #NYPD #FBI

Written with ChatGPT (GPT-4o).

Sources

Nicolas Krassas@Dinosn
2 years ago
Nebraska Man pleads guilty to dumb cryptojacking operation https://t.co/56ZIKEQsJb
Mario Nawfal’s Roundtable@RoundtableSpace
2 years ago
WHEN CLOUD SERVERS GET RUGGED: CRYPTOPUNK TAKES A FALL Charles O. Parks III, aka "CP3O," just pled guilty to finessing $3.5M in cloud juice to mine Ether, Litecoin, and Monero. He set up fake LLCs, scored VIP server access, and stacked crypto worth nearly $1M - all while… https://t.co/vzjGUrFJM9
Inner City Press@innercitypress
2 years ago
EDNY today Charles O. Parks III aka CP3O pled guilty to wire fraud for operating a “cryptojacking” operation. He defrauded two well-known providers of cloud computing services out of more than $3.5 million worth of resources to mine crypto worth nearly $1 million https://t.co/8Z7UERCjDK

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