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Crypto Influencer “CP3O” Sentenced to 1 Year for $3.5 Million Cryptojacking

Crypto influencer known as “CP3O,” real name Charles O. Parks III, has been sentenced to one year and one day in prison for orchestrating a cryptojacking scheme worth $3.5 million. According to the U.S. Department of Justice, between January and August 2021, Parks used fake corporate identities to gain privileged access to cloud service providers.

During this period, he exploited the stolen computing power to mine cryptocurrencies such as Ethereum (ETH), Litecoin (LTC), and Monero (XMR), with an estimated value of nearly $1 million.

Parks pleaded guilty in December 2023 to wire fraud, avoiding a potential sentence of up to 50 years. In addition to the prison term, he was ordered to forfeit $500,000 and a Mercedes-Benz, with the total restitution amount to be determined later.

Authorities stated that the illicitly obtained resources were laundered through crypto exchanges, payment processors, NFT marketplaces, and banks, then converted into cash for luxury purchases.

NYPD Commissioner Jessica S. Tisch said the sentence represents accountability for manipulating technology and illegally using computing resources.

Explozie de tokenuri pe Ethereum L2: Zora depaseste Pump.fun si LetsBonk

Zora, platforma de SocialFi integrata in rețeaua Ethereum L2 Base, a înregistrat o creștere semnificativă a lansărilor de tokenuri, depășind recent platformele Pump.fun și LetsBonk. Datele Nansen arată că, în ciuda succesului Base, Solana rămâne lider în utilizatori, tranzacții și activitate generală. Coinbase a rebranduit în iulie portofelul său

Ethereum L2 Base challenges Solana with Zora SocialFi growth

Zora, a SocialFi platform integrated into Ethereum L2 network Base, has seen a significant surge in token launches, recently surpassing Pump.fun and LetsBonk. Nansen data indicate that despite Base’s growth, Solana remains the leader in users, transactions, and overall activity. In July, Coinbase rebranded its wallet as the

Influencer cripto „CP3O” condamnat la un an si o zi pentru frauda de 3,5 milioane USD

Un influencer cripto cunoscut sub pseudonimul „CP3O”, pe numele real Charles O. Parks III, a fost condamnat la un an si o zi de inchisoare pentru orchestrarea unei scheme de tip cryptojacking in valoare de 3,5 milioane USD. Potrivit Departamentului de Justitie al SUA, intre ianuarie si august 2021,

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