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Cryptojacking Scheme Results in 1-Year Sentence for Nebraska Man

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Charles O. Parks III, also known as CP3O, was sentenced to one year in prison for a cryptojacking scheme that defrauded cloud computing providers of over $3.5 million. Parks used cloud resources to mine cryptocurrencies, including Monero, Ether, and Litecoin, without payment. The scheme involved creating multiple aliases and corporate entities to access computing power and storage. Parks laundered the proceeds through various crypto exchanges and online payment services, using the funds for extravagant purchases. The fraud targeted two unnamed cloud service providers headquartered in Redmond and Seattle, Washington.

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  1. 18.08.2025 22:05 1 articles · 1mo ago

    Cryptojacking Scheme Results in 1-Year Sentence for Nebraska Man

    Charles O. Parks III, also known as CP3O, was sentenced to one year in prison for a cryptojacking scheme that defrauded cloud computing providers of over $3.5 million. Parks used cloud resources to mine cryptocurrencies, including Monero, Ether, and Litecoin, without payment. The scheme involved creating multiple aliases and corporate entities to access computing power and storage. Parks laundered the proceeds through various crypto exchanges and online payment services, using the funds for extravagant purchases.

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