Man Convicted Over Cryptojacking Charges In Japan

A man has been sentenced to a year in prison for using a remote computer to mine cryptocurrencies unwillingly and without having knowledge of it, a thing that is commonly known as cryptojacking. This case is the first known case that has resulted in a conviction of jail time over this kind of crimes in Japan, according to an article by Finance Magnates.
This conviction constitutes the final conclusion of a cryptojacking saga that started last month when the Japanese police apprehended more than 10 subjects that installed this kind of software to mine Monero, a cryptocurrency known by its privacy and anonymity features. They used the popular program called Coinhive to do this, a program freely available on the web that lets you mine Monero and can be injected or embedded in other programs easily.
But, according to some reports, the circumstances of this case could be a little different. Supposedly the man infected a program to cheat in online games with this software, what constitutes a far worst crime because these programs are also illegal in Japan. So this also could have fueled the sentence of the man, worsening it.
Cryptojacking is a crime that has been on the rise lately, due to the relatively low risk of being caught and convicted by doing it, and Monero is the cryptocurrency of choice in this kind of crimes, because it does not let the user know where the cryptocurrencies are being delivered, and because how easy is to prepare a tool for infecting several computers without even having technical knowledge with the use of Coinhive.
That is why this conviction feels like an exemplary case to scare cryptojackers away and made them aware that hey can be found and convicted. Before this, all of the other cases were settled only with fines for the accused parties.

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTETFNewsxbtusd

Bitcoin May Never Go Below $50k Once An ETF Is Approved, Declares On-Chain Analyst

Bitcoin may never drop below $50k asserts on-chain analyst Ki-Young Ju. But as usual, there are conditions that follow this possibility. In a tweet, Ju analyzed that Bitcoin could follow the same path that gold took in 2004 when the first…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Quarterback Star Tom Brady Breaks Internet After Showing Interest In Bitcoin

Tom Brady, the American athlete who is widely regarded as the “greatest” quarterback in NFL history is the latest celebrity to show interest in the world’s most valued cryptocurrency Bitcoin. Brady who has a massive Twitter following of 1.9 million…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Almost $200 Billion Worth Of Bitcoin Is Currently At Risk – Report Warns

A recently published 2021 crypto report by Opimas LLC, a finance-based management consultancy firm, has revealed that approximately 3,480,000 out of the world’s mined 18.5 million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping. The 36-page report…