The post Former Digital River Employee Charged in $45K Cryptojacking Scheme appeared first on Coinpedia Fintech News
An ex-employee of a Minnetonka-based e-commerce and payment processing organization known as Digital River has been charged for engaging in a cryptojacking scheme that was detrimental to the company.
Assistant United States Attorney Andrew M. Luger spoke on the arrest of 44-year-old Joshua Paul Armbrust of Orr, Minnesota, who is alleged to have used a previous employer’s Amazon Web Services (AWS) for mining cryptocurrencies without consent from December 2020 to May 2021.
Cryptojacking is the unauthorized usage of a computer or other device belonging to another person for cryptocurrency mining; it leads to elevated consumption costs, deterioration of a system’s performance, and increased energy consumption. Armbrust’s use of Digital River’s AWS resources was particularly oriented towards mining Ethereum, which cost more than $45,000 to the firm.
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