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Voice of Panda 🐼
JUST IN: Crypto influencer Charles Parks III receives one-year prison sentence for $3.5M cryptojacking scheme, earning $1M in illicit profits.
In a significant blow to the crypto community, Charles Parks III, a well-known influencer in the cryptocurrency space, has been sentenced to one year in prison for orchestrating a $3.5 million cryptojacking operation.
His scheme, which illegally harnessed victims' computing power to mine cryptocurrencies, netted him approximately $1 million in profits.
This case underscores the growing concerns over cybercrime in the digital currency world, highlighting the need for increased vigilance and regulation to protect users from such exploitative practices.