• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Cyber Security News

CSIRO IT contractor sentenced for mining Monero with work computers

Ibiam Wayas by Ibiam Wayas
September 18, 2020
in Cyber Security News
2 min read
CSIRO IT contractor sentenced for mining Monero with work computers
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • A CSIRO contractor used work computers to mine Monero and Ethereum.
  • The contractor generated close to $10,000.
  • He has been sentenced to a 15-month intensive correction today.

A former CSIRO IT contractor has been sentenced to over one-year intensive correction order after he recently pleaded guilty to cryptocurrency mining charges brought against him last year. Reports noted that the CSIRO IT contractor generated close to $10,000 by using the organization’s supercomputer to mine digital currencies like Monero (XMR) and Ethereum (ETH).

CSIRO IT contractor mined cryptos with work computers

As ITNews reported, the contractor named Jonathan Khoo was sentenced on Friday at Sydney’s Downing Centre Local Court. Last year, Khoo reportedly installed and ran 2903 command scripts that enabled him to hijack and secretly mine the digital currencies using Claymore Dual Miner software and two other high-performance computers (HPC) at the organization. 

The illegal cryptocurrency mining didn’t cause any direct damage to the organization’s operations at the time. However, the performance of the supercomputers was affected dramatically according to Magistrate Erin Kennedy. This is agreeable since cryptocurrency mining usually requires high-computational power. The cost of the reduced performance of these computers was summed to $76,668 (both for the software and hardware).

RelatedPosts

Famous Twitter hack perpetrator bags three years jail term

Buggy contract: DODO loses $3.5 million in recent attack

Verge suffers massive block reorg attack, 200-day transaction history wiped

Blockfolio allegedly breached as users receive offensive messages

Meanwhile, Khoo was only able to mine $9,422 worth of Ethereum and Monero from the illegal activity which lasted for about one month.

Immediately after his arrest in May 2019, the CSIRO IT contractor admitted to his crime. In addition to unauthorizedly modifying CSIRO’s computer systems to access the processing power, Khoo was charged for “unauthorized modification of data to cause impairment and unauthorized modification of restricted data.”

CSIRO IT contractor escaped imprisonment

For the actions, Khoo was sentenced to a 15-month intensive correction. Additionally, he will be spending about 300 hours in community service. Cryptocurrency mining can be leveraged as a legitimate business, however, it becomes illegal when computational power, electricity, and some other essential requirements are stolen to run the activity. Recently, Cryptopolitan reported the confiscation of 4,000 crypto mining hardware in China, which were all operated with stolen electricity.

Tags: cryptojacks
Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related Posts

Bitcoin
Cyber Security News

Famous Twitter hack perpetrator bags three years jail term

March 17, 2021
Tether plans to extend USDT stablecoin to Kusama and Polkadot
Cyber Security News

Buggy contract: DODO loses $3.5 million in recent attack

March 9, 2021
Tether plans to extend USDT stablecoin to Kusama and Polkadot
Cyber Security News

Verge suffers massive block reorg attack, 200-day transaction history wiped

February 16, 2021
Indian lecturer losses nearly $14,000 Bitcoin to Telegram scammer
Cyber Security News

Blockfolio allegedly breached as users receive offensive messages

February 9, 2021
Tether plans to extend USDT stablecoin to Kusama and Polkadot
Cyber Security News

Experts detect crypto-mining malware targeting Kubernetes clusters

February 4, 2021
Chainalysis: Crypto ransomware attacks rose by 311% in 2020
Cyber Security News

Chainalysis: Crypto ransomware attacks rose by 311% in 2020

January 25, 2021

Follow Us

  • 51k Fans
  • 8.3k Followers

Latest News

Binance coin

Binance coin surges as Nasdaq prepares for Coinbase listing

April 12, 2021
Chainlink Price Prediction 2021-04-12

Chainlink price prediction: Chainlink continues trending higher, preparest to test resistance at $35

April 12, 2021
Binance Coin price

Binance Coin price prediction: BNB to face rejection at $600 as bulls stumble

April 12, 2021
Ripple Price Prediction 2021-04-12

Ripple price prediction: Ripple retraces after setting ATH at $1.50, further downside expected today

April 12, 2021
How PKT Cash Provides an Economic Incentive for People to Connect Bandwidth to the Decentralized PKT Network 1

How PKT Cash Provides an Economic Incentive for People to Connect Bandwidth to the Decentralized PKT Network

April 12, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 2

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.