CP3O Sentenced to 1 Year for $3.5M Cryptojacking Scheme

Charles O. Parks III, known as "CP3O," was sentenced to one year and one day in prison for a cryptojacking scheme that stole over $3.5 million in cloud resources to mine nearly $1 million in cryptocurrencies. He pleaded guilty to wire fraud after exploiting vulnerabilities in major cloud services. This case underscores increasing scrutiny on crypto-related cybercrimes.