Joker

Earlier today, in federal court in Brooklyn, Charles O. Parks III, also known as “CP3O,” pleaded guilty to wire fraud for operating a large-scale illegal “cryptojacking” operation. As part of the scheme, Parks defrauded two well-known providers of cloud computing services out of more than $3.5 million worth of computing resources in order to mine cryptocurrency worth nearly $1 million. The proceeding was held before United States Magistrate Judge Cheryl L. Pollak. When sentenced, Parks faces up to 20 years in prison.

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The city editor of the Financial Times’ popular op-ed section, Alphaville, has apologized for its years of staunchly negative bitcoin (BTC) coverage. As the world’s largest crypto surpassed $100,000 per coin, they took a brief moment to self-reflect.