Microsoft Engineer Steals $10 Million From Xbox Gift Cards To Buy Bitcoin

Bitcoin’s spiral is dragging many people down the path of sin.

The virtual currency whirlwind appeared, causing many people to be caught up in its extreme vortex. Not only the “coiners”, miners or speculators of video cards, even many technology engineers cannot avoid the magic attraction of Bitcoin and Crypto coins.

Recently, a Microsoft engineer was sentenced to 9 years in prison and ordered to pay $ 8.3 million for stealing, causing great damage to the company. According to a report from Bloomberg, the person convicted in this case is Volodymyr Kvashuk. He used tricks to bypass Microsoft security and then stole Xbox Gift Cards to sell for Bitcoin.

Image for illustrative purposes only.

According to the indictment, Volodymyr Kvashuk joined Microsoft in 2017 as a cybersecurity engineer. His job is to make sure Microsoft’s payment system runs smoothly and securely. During the work, Volodymyr Kvashuk discovered a security hole. However, instead of reporting to the company to update and fix, Volodymyr Kvashuk secretly exploited this vulnerability and profited millions of dollars from the company.

After the incident was discovered, Microsoft quietly investigated and finally resorted to the legal system to bring it all to light. A federal agent raid on Volodymyr Kvashuk’s residence took place and most of the relevant evidence was collected.

After the trial, Volodymyr Kvashuk was sentenced to 9 years in prison and will have to pay Microsoft $ 8.3 million for damages he has done to the company. Not only that, Volodymyr Kvashuk is also likely to be deported to his homeland Ukraine after serving his prison term.

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