Florida State Employee Caught and Arrested For Allegedly Mining Cryptocurrency While Working

panorama-2117310_960_720

A Florida Department of Citrus (FDoC) employee was arrested because he has allegedly used government computers to mine cryptocurrency. 

The IT manager for the Florida Department of Citrus, Matthew McDermott was arrested because he used many official computers to mine cryptocurrency, including bitcoin and litecoin , according to Floride Department of Law Enforcement (FDLE) agents.

“A mining pool, or team, is used to solve mathematical equations in an effort to mine the virtual currency and win a reward[…] The pool combines its resources to help offset costs,” said FDLE agents.

Mining is a process that requires a lot of computational power. Between October 2017 and January 2017, the company’s utility bills for the department increased more than 40% representing 825$, reported the inspector general for the citrus agency.

The Florida State employee bought 24 graphic processing units worth $22,000 with a state card, said the FDLE.

McDermott is charged with official misconduct and grand theft and he was brought to Polk County Jail with a $5000 bail.

This news comes a week after the Australian Bureau of Meteorology staff was investigated by the federal police for mining cryptocurrency.

One thought on “Florida State Employee Caught and Arrested For Allegedly Mining Cryptocurrency While Working

Leave a Reply