Baidu Employee Jailed for Mining Monero Worth $14K on Company Servers

A Baidu senior engineer has been jailed for three years for mining $14,000 worth of Monero on company servers.

An engineer at Baidu, China’s equivalent to Google, has been jailed for mining Monero on around 200 of the company’s servers. According to a March 16 report by local media outlet, Abacus News, the employee eventually sold the Monero for around 100,000 yuan ($14,300).

Large-scale crypto-jacking

Senior engineer, An Bang, was employed by Baidu to maintain its search engine. However, between April and July 2018, he downloaded and installed scripts to mine the cryptocurrency, Monero onto around 200 of the company’s servers.

Baidu contacted the police when it noticed unexpected activity levels across many of the servers. By the time An was caught, he had already mined and sold Monero for the equivalent of $14,300.

An was sentenced to three years in jail and fined 11,000 yuan ($1,570) last month for illegally taking control of a computer system.

Cryptocurrency trades are banned, but mining is not

As Cointelegraph reported last November, Chinese authorities removed Bitcoin mining from their list of undesirable industries, essentially scrapping a previously mooted plan to ban the activity.

However, Bitcoin and cryptocurrency trading was banned in the country, with authorities vowing to crack down on the activity. China is believed to be one of the nations closest to launching its own central bank digital currency (CBDC), although the outbreak of coronavirus is likely to delay these plans.

Publication date: 
03/16/2020 - 19:20
Author: 
Disclaimer

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.