Ukrainian police arrest hacker who used hosting firms servers to mine cryptocurrency The Record from Recorded Future News
pppLeadershipppCybercrimeppNationstateppElectionsppTechnologyppCyber DailyppClick Here Podcastpp Free Newsletterpp Ukrainian police with assistance from Europol have arrested a 35yearold man accused of hacking into thousands of user accounts at an international hosting company and using its infrastructure to illegally mine cryptocurrency authorities said Wednesday pp The suspect a native of the central Ukrainian city of Poltava had been conducting cyberattacks since at least 2018 police said He allegedly gathered information from open sources to identify vulnerabilities in the systems of various international companies pp According to investigators the hacker gained unauthorized access to more than 5000 user accounts belonging to an unnamed global hosting provider that rents out servers to businesses operating websites and online platforms Once inside he allegedly deployed virtual machines on the companys infrastructure to mine cryptocurrency without permission pp Ukrainian cyber police said the unauthorized mining operation caused an estimated 45 million in losses to the company pp During raids at several locations officers seized computers mobile phones banking cards and other equipment Forensic analysis revealed that the suspect maintained multiple accounts on hacker forums and used various malicious tools such as software scripts for launching and managing cryptomining operations and tools for data collection and remote control of compromised systems pp The man frequently changed his residence to avoid detection police said The investigation is ongoing ppDaryna Antoniukppis a reporter for Recorded Future News based in Ukraine She writes about cybersecurity startups cyberattacks in Eastern Europe and the state of the cyberwar between Ukraine and Russia She previously was a tech reporter for Forbes Ukraine Her work has also been published at Sifted The Kyiv Independent and The Kyiv PostppPrivacyppAboutppContact Uspp Copyright 2025 The Record from Recorded Future Newsp
