Danial Jeloudar & Saeeid Safaei, Iranian Nationals Indicted in
Local Cryptojacking Case
December 6, 2021
Yesterday, a federal grand jury indicted Danial Jeloudar and
Saeeid Safaei for conspiracy to commit wire fraud. Both
defendants are Iranian nationals believed to be living abroad.
This is the first cryptojacking case to be prosecuted in the
Eastern District of Missouri. “Cryptojacking has nothing to do
with whether a victim owns cryptocurrency,” said Special Agent
in Charge Richard Quinn of the FBI St. Louis Division. “It’s
about criminals hijacking the use of your computer’s processing
power to generate and cash out cryptocurrency.”
Cryptojacking is when cyber criminals fraudulently gain access
to a victim’s device to use its computing power to generate or
“mine” cryptocurrency. Computing power is needed for a virtual
master ledger that uses complicated algorithms to verify and
record cryptocurrency transactions. Individuals or groups can
dedicate their computer power and be rewarded with
According to court documents, both defendants conspired to
victimize a technology company in St. Charles, Missouri by
fraudulently gaining access and using the company’s account on a
cloud service. By misrepresenting themselves through the victim
company’s account, the defendants fraudulently authorized the
cloud service provider to build and install at least five new
computer servers in the cloud. The purpose of the new servers
was to run and operate software programs to generate
fraud came to light when the victim company received a bill of
more than $760,000 from the cloud service provider related to
the use of fraudulent servers.
The following cyber security practices can minimize your risk
Two-step authentication will make it harder for criminals to
gain access to your online accounts.
Monitor log-in history to detect suspicious activity early.
Audit cloud storage to verify contents.
of Use | Copyright
© 2002 - 2021
SM CORPORATION. All
rights reserved. |