Ukraine Cyberpolice Accuse Man of “CryptoJacking” a Million People

Cyberpolice in Ukraine say they have arrested a 32-year-old Bukovina resident accused of using “cryptojacking” software against a million individuals without their consent.

Police allege the man deployed the software surreptitiously to the computers of individuals visiting websites run by the man.

The sites reportedly carried free literature and scientific information and were visited by more than 1.5 million individuals per month.

Makers of the world’s most popular cryptojacking software, CoinHive, announced last month that they were shuttering the company.

CoinHive’s crypto mining software was reportedly first conceived as a way for websites to earn revenue from visitors without having to show them ads.

The software has also been used by charities, including Bail Bloc, “a cryptocurrency scheme against bail” that allows participants to donate spare computing power so it can be used to mine cryptocurrencies the charity later uses to help impoverished Americans pay bail.

While some CoinHive-utilizing sites only engage visitor computers for the duration of their visit to the site, CoinHive software was also quickly commandeered by hackers who have used it to create large botnets (zombified computer networks) engaged in the secret mining of cryptocurrencies (mainly Monero) 24-hours-a-day, seven days a week.

A number of company networks, including Starbucks wi-fi, have been commandeered by cryptojackers, and certain crypto-jacking attacks have involved forcing computers to refrain from “sleeping.”

Crypto-mining is an energy-intensive process that usually runs up electricity bills and can run down computer processors.

All those costs are borne by the victims, with hackers’ getting the proceeds and CoinHive reportedly taking a cut, regardless of origin.

According to an automated translation of the Ukrainian Cyberpolice press release, the accused Ukrainian cryptojacker reportedly also:

“…created and administered a large number of Internet resources…Using the computing capabilities of the processor and the graphics adapter, the attacker interfered with the work of electronic computers to the visitors of the above Internet resources. This resulted in a violation of the established order of information routing and further deterioration of the work of the visitor’s computers.”

Charges against the accused reportedly relate to Ukrainian laws against,  “Unauthorized interference with the work of computers, automated systems, computer networks or telecommunication networks,” included in the Criminal Code of Ukraine.

The accused faces a possible term of six years in jail.



Sponsored Links by DQ Promote

 

 

Disclosure Quest

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 29, 2026 vs Jan 1, 2025 - Oct 29, 2025

Share this graph
Number of Filings132Prior 128 +3.1%
Target Raise, Total$3.44BPrior $3.56B -3.5%
This YTDYear priorChange
Filings 132 128 +3.1%
Target raise $3.44B $3.56B -3.5%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Newest
Oldest Most Voted
 
0
Would love your thoughts, please comment.x
()
x
Send this to a friend