The millionaire game developer, Marc Merril, was a victim of the Singaporean man who stole identities to utilize Amazon Web Services' and Google cloud computing power for crypto mining.
In a recently unsealed court filing on Nov. 7, Forbes discovered that Marc Merrill, the co-founder of Riot Games, was the previously anonymous victim of Singaporian national Matthew Ho's identity theft scheme.
Riot Games is most famous as the developer behind the massively successful League of Legends.
Ho allegedly used Merrill's American Express credit card information to buy cloud computing power from Amazon, and Google, amongst others.
"In the few months his scheme remained active, Ho consumed more than $5 million in unpaid cloud computing services with his mining operation and, for a brief period, was one of Amazon Web Services largest consumers of data usage by volume. Some of the bills were paid by the California game developer's financial staff before the fraud was detected."
The investigators claim that Ho was able to use social engineering to gain access to admin privileges and large amounts of cloud computing power on Amazon and Google servers to mine various cryptocurrencies, including Bitcoin and Ether.
Ho managed to trick Amazon into believing he was the president of Riot Games.
Ho even created a fake Californian driving license that carried the Riot Games co-chairman's name.
Although the Department of Justice charged Ho in early October, the identity of the Los Angeles-based game developer became public only now.
Cointelegraph contacted Riot Games regarding these latest developments but had yet to receive a response as of press time.
Crypto Miner Steals $5M Worth of Computing Power Using Identity of Riot Games Founder
gepubliceerd op Nov 7, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.