Close Menu
FintechFetch
    FintechFetch
    • Home
    • Fintech
    • Financial Technology
    • Credit Cards
    • Finance
    • Stock Market
    • More
      • Business Startups
      • Blockchain
      • Bitcoin News
      • Cryptocurrency
    FintechFetch
    Home»Cryptocurrency»Ex-Digital River Worker Exploited Company Systems for Personal Ethereum Gains
    Cryptocurrency

    Ex-Digital River Worker Exploited Company Systems for Personal Ethereum Gains

    FintechFetchBy FintechFetchOctober 23, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Joshua Armbrust mined $5,895 in Ethereum using his former employer’s AWS account, but escaped jail time with three-year probation.

    A former Digital River employee has been ordered to pay more than $45,000 back to his previous employer after unlawfully using company computing systems to mine cryptocurrency.

    Joshua Paul Armbrust, 45, was sentenced Tuesday to three years’ probation by US District Judge Jerry Blackwell, following his April guilty plea to a felony computer fraud charge.

    Armbrust’s Covert Mining Scheme Exposed

    According to court filings, Armbrust continued exploiting Digital River’s resources for over a year after leaving the Minnetonka-based e-commerce and payment processing firm in February 2020. He mined Ethereum using the company Amazon Web Services (AWS) credentials, which fetched him an earnings of $5,895 while incurring $45,270 in costs to Digital River.

    The activity was uncovered during an internal investigation by Digital River, which shut down operations in January. Reviewers noticed unusual AWS fees and traced the activity to Armbrust’s IP address. This revealed that he had consistently run mining scripts on company servers between 6 p.m. and 7 a.m., long after his departure.

    Assistant US Attorney Jordan Endicott said that it was “not a momentary lapse in judgment” but a “calculated and covert misuse of enterprise-level computing resources for private enrichment.”

    “The defendant’s conduct strikes at the core of digital trust and security in the modern economy. Companies rely on former employees to act ethically, even after separation, and to respect corporate systems and data. Unauthorized access to corporate cloud infrastructure not only creates financial harm, as in this case, but also exposes sensitive systems to potential compromise and opens the door to more severe cyber threats.”

    Desperate or Calculated?

    Defense attorney William Mauzy described Armbrust’s conduct as driven by desperation rather than greed. Mauzy said Armbrust faced severe financial pressure while caring for his terminally ill mother, who has since passed. He added that Armbrust did not attempt to damage systems, hide his actions, and accepted responsibility for losses.

    At the time of his indictment in November 2024, Armbrust was living in Orr, Minnesota. He has since moved to St. Paul, where he now works in the insurance sector. Both the prosecution and defense recommended a probation sentence under the plea deal, citing his clean record and cooperation with authorities.

    You may also like:

    Judge Blackwell remarked that Armbrust’s technical talents could have been applied lawfully, pointing to the wasted potential. The outcome underscores the need for companies to secure access to computing resources and prevent long-term misuse by former employees.

    Cryptojacking, also called malicious cryptomining, still remains a critical threat vector. It’s a cyber threat where hackers secretly use a computer or mobile device to mine cryptocurrency. Before its shutdown in March 2019, Coinhive was a widely used cryptojacking tool and was estimated to be involved in more than two-thirds of all such attacks.

    SPECIAL OFFER (Sponsored)

    Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

    LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleThese 3 household-name UK stocks have plunged 30% in a year! Time to consider buying?
    Next Article SUI USD Going To Send Bulls To The Moon? Yes, No, Maybe?
    FintechFetch
    • Website

    Related Posts

    Cryptocurrency

    Solana dunks on XRP supporter after Ripple Swell promo draws comparisons

    November 1, 2025
    Cryptocurrency

    Is the Market Finally Learning to Handle Volatility?

    November 1, 2025
    Cryptocurrency

    Rate-Cut Sell-Off Came From Short-Term Traders

    November 1, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Coinbase Data Leak Tied to India-Based Contractor, 70,000 Users Affected

    June 6, 2025

    Lessons from Tyme Group’s Coen Jonker on Building a Fintech Unicorn

    July 8, 2025

    SLERF (SLERF) Price Prediction 2025 2026 2027

    March 1, 2025

    I Risked Everything to Build My Company. Four Years Later, Here’s What I’ve Learned About Building Real, Lasting Success

    August 22, 2025

    AI Tools So Good, You’ll Think You Hired a Team

    June 10, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    Most Popular

    Down 31%! 1 top growth stock to consider at $10 for a Stocks and Shares ISA

    April 10, 2025

    3 possible growth drivers for Rolls-Royce shares until 2028

    May 3, 2025

    Celsius Energy Drink May Contain Alcohol in Labeling Mixup

    August 1, 2025
    Our Picks

    AI vs Blockchain. Who Runs the Future of Banking?: By Vitaliy Abayev

    November 1, 2025

    Your most impressive résumé isn’t on paper

    November 1, 2025

    Crypto News Today, October 31 – BTC Price USD Bounces Back To $110K But XRP Slips Below $2.5 And ETH At $3.8K: Best Crypto To Buy?

    November 1, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Fintechfetch.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.