Home Coins Monero (XMR) Former government contractor avoids jail for mining crypto at work

Former government contractor avoids jail for mining crypto at work



A former government contractor in Australia who mined crypto using state-owned supercomputers has avoided jail time. 

According to The Sydney Morning Herald, Jonathan Khoo was ordered to complete 300 hours of community service for installing code on two supercomputers run by Australia’s Commonwealth Scientific and Industrial Research Organisation, or CSIRO, to mine cryptocurrency. 

Khoo was able to mine AU$9,420 worth of cryptocurrencies and deposited these to his Ethereum and Monero wallets in 2018. 

CSIRO, which conducts scientific and technological research for the Australian government, said Khoo’s actions diverted needed computing power and cost the agency AU$76,668. Australian federal cybercrime authorities said by using supercomputers for personal gain, Khoo had taken valuable resources from studies into climate change, pulsar data array analysis and medical research. 

Khoo’s mining activity was discovered in February 2018 and he was dismissed from his employment. Charges of unauthorized modification of data to cause impairment came a year later. The maximum penalty is 10 years in prison.

This is not the first time authorities had to deal with employees using supercomputers at work to mine crypto. In 2019, a scientist and former employee of Russia’s nuclear facility used the agency’s supercomputers to mine Bitcoin. He was sentenced to three years and three months in prison and fined 200,000 roubles ($3,130 at the time). Two other collaborators were fined.



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
474FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,549FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.17
GBP
1.30
CHF
1.10
NOK
0.11
JPY
0.01
CAD
0.75
AUD
0.71

Most Popular

Coinbase’s crypto debit card is launching in the U.S. and lets users earn back bitcoin

Crypto exchange Coinbase is launching a Visa debit card in the U.S. next year.  Sharing the news with The Block on Wednesday, Coinbase said...

Avalanche Partners with Encode Hack Club for a 10-Week Hackathon for Academia | by Jay Kurahashi-Sofue | Ava Labs | Oct, 2020

“Developers, developers, developers!” Most notably chanted by the former CEO of Microsoft Steve Ballmer, we’re in agreement with him. He was right. Without...

NYSE’s former regulation head takes crypto job at Andreessen Horowitz

A senior regulation executive at the world’s largest stock exchange is moving into the cryptocurrency industry.Anthony Albanese, a former chief regulatory officer at...

Ontology Weekly Report (October 20–27) | by The Ontology Team | OntologyNetwork | Oct, 2020

Back-end- Completed 20% of Wasm-NeoVm cross-protocol debugging tool updateProduct DevelopmentONTO- The ONTO team launched a giveaway on @ONTODataWallet’s Twitter account. To enter, users can...
bitcoin
Bitcoin (BTC) $ 13,099.34
ethereum
Ethereum (ETH) $ 384.03
ripple
XRP (XRP) $ 0.246094
tether
Tether (USDT) $ 0.999589
bitcoin-cash
Bitcoin Cash (BCH) $ 273.07
bitcoin-cash-sv
Bitcoin SV (BSV) $ 171.19
litecoin
Litecoin (LTC) $ 55.87
eos
EOS (EOS) $ 2.66
binancecoin
Binance Coin (BNB) $ 30.32
okb
OKB (OKB) $ 4.60
tezos
Tezos (XTZ) $ 2.01
leo-token
LEO Token (LEO) $ 1.29
cardano
Cardano (ADA) $ 0.096978
monero
Monero (XMR) $ 126.24
stellar
Stellar (XLM) $ 0.079505
chainlink
Chainlink (LINK) $ 11.36
huobi-token
Huobi Token (HT) $ 4.21
tron
TRON (TRX) $ 0.026877
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 67.77
neo
NEO (NEO) $ 15.96
iota
IOTA (MIOTA) $ 0.264697
nem
NEM (XEM) $ 0.091753
zcash
Zcash (ZEC) $ 58.25
maker
Maker (MKR) $ 539.82
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 5.29
vechain
VeChain (VET) $ 0.010674
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 3.73
kucoin-shares
KuCoin Shares (KCS) $ 0.854975
waves
Waves (WAVES) $ 3.00