“CP3O” pleads guilty to multi-million dollar cryptomining scheme

A man faces up to 20 years in prison after pleading guilty to charges related to an illegal cryptomining operation that stole millions of dollars worth of cloud computing resources.

45-year-old Charles O Parks III (who went by the moniker “CP30” online) pleaded guilty to wire fraud charges at a federal court in Brooklyn, New York, after defrauding two well-known providers of cloud computing services out of over US $3.5 million.

The well-known providers are not named in the Department of Justic