Singapore man cryptomining Fraud

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A men from Singapore citizen Ho Jun Jia aka Matthew Ho was charged under a 14-count indictment for allegadly minin cryptocurrency using Amazon AWS and Google Cloud computing power and services.

The defendant who was taken into custody by the Singapore Police Force on September 26, used the credit card and identity information stolen from California and Texas residents to run a large-scale cryptocurrency mining operation.

“More specifically, as discussed in more detail below, beginning in late 2017, which followed the surge in popularity of HO used victims’ personal and stolen credit card information, along with phony email addresses, which he created, designed to spoof the authentic email account of identity-theft victims, to open accounts and to obtain access to cloud computing services,” says the indictment unsealed today.

$5 million in unpaid bills
“HO, allegedly used stolen identity and credit card information of a prominent California video-game developer to open cloud computing accounts at multiple U.S. cloud service providers, which he used to mine various cryptocurrencies, such as Bitcoin and Ethereum,” says a Department of Justice press release published today.

The mined cryptocurrency was later purportedly used by Ho for various purposes or sold and exchanged into traditional currency with the help of multiple online cryptocurrency exchanges.

During the five months his operation fraudulently used accounts opened using stolen information from multiple victims, it is said in the press release and the unsealed indictment that Ho was able to rack up around $5 million in unpaid cloud computing services bills.

According to the DoJ press release, for a brief period, his illegal crypto mining operation “was one of Amazon Web Services (AWS) largest consumers of data usage by volume.”

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