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Singapore Bitcoin miner faces 34 years in prison for illegally s

Date:2024-07-18 18:08:22 Channel:Build Read:

In today's digital age, the development of cloud computing technology has brought great convenience to all walks of life. However, it has also led to some lawless elements using cloud computing capabilities to engage in illegal activities. Recently, a case in Singapore in which illegal theft of cloud computing capabilities for Bitcoin mining has attracted widespread attention. It is reported that the person involved faces up to 34 years in prison. This article will delve into the story behind this case and analyze its impact and revelation.

The rapid development of cloud computing technology has provided powerful computing support for the mining of cryptocurrencies such as Bitcoin. However, some lawless elements have used this technology to carry out illegal activities. Recently, a case broke out in Singapore involving the illegal theft of cloud computing capabilities for Bitcoin mining. These lawless elements tried to obtain illegal profits by stealing others' cloud computing resources and carrying out large-scale Bitcoin mining. However, their actions not only infringed on the legitimate rights and interests of others, but also violated the law.

In the face of Singaporean law, any behavior that touches the bottom line will be severely punished. According to relevant regulations, illegal theft of cloud computing capabilities for Bitcoin mining is considered a serious crime. In the face of this case, the Singaporean court made a severe judgment and the person involved will face up to 34 years in prison. This severe sentence sends a clear signal to the society: any violation of the law will be severely punished by law to maintain social fairness and justice.

This case has triggered people's deep reflection on the security of cloud computing. As an important information technology, cloud computing carries a large amount of personal and corporate data. Therefore, it is particularly important to ensure the security of cloud computing. All sectors should strengthen the supervision and management of cloud computing security, establish a sound security mechanism, and prevent similar incidents from happening again. Only by ensuring the security of cloud computing can we better promote the development of the digital economy and achieve information sharing and interconnection.

In addition, this case also reminds us to strengthen the supervision of cryptocurrencies such as Bitcoin. There are many risks and loopholes in the cryptocurrency market, which are easily exploited by criminals for money laundering, illegal transactions and other activities. Countries should strengthen cross-border cooperation, establish a more stringent regulatory mechanism, and jointly respond to challenges in the field of cryptocurrency. Only through international cooperation can we effectively curb illegal activities in the field of cryptocurrency and maintain the stability and security of the financial market.

In general, this case of illegal theft of cloud computing capabilities for Bitcoin mining in Singapore reveals the importance of cloud computing security and cryptocurrency supervision. Only by strengthening supervision and maintaining network security can we promote the healthy development of the digital economy. It is hoped that all countries can work together to build a safe and reliable network environment and inject new impetus into prosperity and development in the digital age.

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A 29-year-old man from Singapore is facing 34 years in prison for allegedly illegally stealing Amazon AWS and Google Cloud computing power and services to mine cryptocurrencies.

Illegal theft of account password information of cloud computing service users

Ho Junjia (also known as Matthew Ho) was detained by the Singapore Police Force on September 26 after being indicted on 14 charges.

He reportedly stole credit card and identity information from residents of California, Texas and India to carry out a large-scale cryptocurrency mining operation.

It is reported that his illegal mining of Bitcoin and Ethereum took place between October 2017 and February 2018.

In the unsealed indictment document, it reads:

Starting in late 2017, following the popularity of cryptocurrencies, Ho used victims' personal and stolen credit card information and fake email addresses he created, designed to deceive identity theft victims' real email accounts and gain access to cloud computing services.

During Ho's illegal operation, he managed to collect $5 million in unpaid cloud computing bills.
Not only that, a DOJ press release also noted that for a short period of time, Ho's mining operation was one of the largest data users of AWS by volume.

The DOJ release noted that wire fraud carries a 20-year prison sentence. Access device fraud carries a maximum sentence of 10 years.
Given that aggravated identity theft carries a two-year sentence, this can "run consecutively with any other sentence in this case."

Illegal charges and payments

According to the indictment, Ho made unauthorized payments for goods and services on the victims' credit cards.

On or about November 4, 2017, and on multiple dates thereafter, at least 16 payments of varying amounts were made to one of the victims' credit cards, totaling approximately $240,000. Some of the money was used to pay for outstanding balances on Google
Cloud Services accounts and cryptocurrency mining expenses.

Such payments to Google included, but were not limited to, two payments on or about February 20, 2018, totaling $40,000; two payments on or about February 21, 2018, totaling $40,000;
The indictment alleges that three attempted charges totaling $105,000 on or about February 21, 2018.

On or about December 3, 2017, he charged the victim’s credit card with a payment of $135,861.12 to cover outstanding balances on Amazon Web Services accounts.

Ho then mined cryptocurrency, which he then advertised, sold, and exchanged for fiat currency on various websites, including localbitcoins.com and localethereum.com.

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