A former worker at Microsoft has been arrested for a scheme to steal $10 million in cryptocurrency, the Related Press (AP) reported on July 17.
The person — a 25-year previous Ukrainian nationwide, Volodymyr Kvashuk, allegedly used the ill-gotten proceeds to purchase a $160,000 Tesla automotive and a $1.7 million lakefront dwelling. Throughout the seven months of his scheme, $2.eight million was discovered to have been transferred into his financial institution accounts.
Particularly, Kvashuk is accused of getting stolen cryptocurrency present playing cards that had been redeemable towards Microsoft merchandise after which reselling them at a revenue on the internet.
In line with america lawyer’s workplace in Seattle, the suspect had helped with Microsoft’s testing of its on-line retail gross sales platform.
Kvashuk’s lawyer didn’t reportedly reply AP’s request for remark.
This April, a number of cryptocurrency holders alleged that their Microsoft-based electronic mail companies — resembling Outlook, Hotmail and MSN — has been attacked by hackers eyeing their crypto holdings.
Among the many victims, one claimed that the breach of his electronic mail account had enabled the attackers to reset his account on crypto change Kraken. Microsoft confirmed that the breach had occurred throughout the first months of this 12 months.