Ukrainian Man Arrested for Cryptojacking $4.4M via 5,000 Accounts
@Paul, this matter is related to industry coverage and interviews, so I’m assigning it to you.
Key Event: On June 5, 2025, Ukrainian police arrested a man accused of breaching hosting accounts of an international server hosting company to mine cryptocurrency, leading to losses of over $4.4 million. The accused used unauthorized virtual machines and crypto miners in a cryptojacking scheme and frequently changed residences to evade detection. The police recovered evidence including computer equipment, crypto wallets, and hacking software. The man faces serious charges with potential penalties of up to 15 years in prison.
Okay, I will get straight to the point.
Okay, I will get straight to the point.
According to Cointelegraph on June 5, 2025, Ukrainian police arrested a 35-year-old man from the Poltava region. He is accused of hacking over 5,000 customer accounts of an international server hosting company to illegally mine cryptocurrency. This activity, known as cryptojacking, allegedly caused the company losses estimated at over $4.4 million (185 million Ukrainian hryvnias). The accused reportedly began probing for security weaknesses in various international companies in 2018 and frequently changed his residence across several Ukrainian regions to avoid detection. During a search of his residence, police found computer equipment, mobile phones, bank cards, evidence of activity on hacker forums, email authorization data used for hacking, crypto wallets, and software for managing crypto mining operations. The man faces charges of unauthorized interference in the operation of electronic information communication networks, which could result in up to 15 years in prison and a ban from certain IT-related positions or activities for up to three years. The pre-trial investigation is ongoing, and additional charges may be filed.
Paul, focus on the key event: Ukrainian police arrested a 35-year-old man from Poltava for allegedly hacking over 5,000 customer accounts of an international server hosting company to illegally mine cryptocurrency, causing losses estimated at over $4.4 million. Emphasize the impact of his activities (cryptojacking) on the company's finances and detail his methods of evasion and the findings during the search of his residence. Highlight the legal repercussions he faces and note the ongoing pre-trial investigation with the potential for additional charges. Avoid redundant details and keep the article clear and concise.
Ukrainian Man Arrested for Cryptojacking $4.4M via 5,000 Accounts
- Ukrainian man accused of $4.4M cryptojacking
- Ongoing pre-trial investigation and potential charges
On June 5, 2025, Cointelegraph reported that Ukrainian police arrested a 35-year-old man from the Poltava region for allegedly hacking over 5,000 customer accounts of an international server hosting company to illegally mine cryptocurrency. This activity, known as cryptojacking, reportedly caused the company losses exceeding $4.4 million (185 million Ukrainian hryvnias).
The suspect allegedly began his hacking activities in 2018, exploiting security vulnerabilities in various international companies' systems. He frequently changed residences within several Ukrainian regions to avoid detection. During their investigation, the police found computer equipment, mobile phones, bank cards, evidence of activity on hacker forums, email authorization data used for hacking, crypto wallets, and software for managing crypto mining operations at the suspect’s residence.
The accused faces charges of unauthorized interference in the operation of electronic information communication networks. If convicted, he could be sentenced to up to 15 years in prison and a ban from certain IT-related positions or activities for up to three years. The pre-trial investigation continues, and additional charges may be filed.
As of June 5, 2025, 00:00 UTC, according to CoinMarketCap, Ethereum (ETH) is trading at $3,214, with a 2.3% increase in 24-hour trading volume.