⏱ reading time: 1 minute
A man from Singapore stole the identity of Marc Merril, co-founder of League of Legends (LoL) maker, Riot Games. Then he used more than $ 5 million in stolen goods to exploit Bitcoin (BTC) and other encrypted currencies via cloud exploitation.
Matthew Ho, a Singaporean citizen, would have spent years as co-founder of Riot Games, Marc Merril, and would have used his money to earn cryptocurrencies. This was reported by Forbes on Thursday.
The Cloudmining Thief Exploitates $ 5 Million
As early as 2014, the identity thief would have entered the credit card information from the inventor of League of Legends (LoL). He embezzled Merril's money to get cloud computing capabilities from Amazon, Google and other vendors to exploit Bitcoin (BTC) and Ethereum (ETH), according to Forbes, quoting investigators US.
By the time fraud was detected in early 2018, Singaporeans were using $ 5 million in cloud computing capacity. Sometimes, he would have even been one of the biggest clients of Amazon Web Services (AWS).
His alleged identity underlay Ho, among other things, with a fake driver's license. He apparently sold the extinguished parts via the LocalBitcoins Peer Exchange.
In late September 2019, Ho was finally arrested by Singapore police. It may soon be transferred to the United States, which has an extradition agreement with Singapore. In the United States, he is accused of fraud and identity theft in several cases.
Have you ever been a victim of identity theft? Write to us in the comments column!
© Image through the book catalog, Flickr.com, license