Co-Creator Of League Of Legends Lost $5 Million In Crypto Scam

Co-creator of league of legends and co-founder of Riot Games reportedly lost about $5 million in a major cryptocurrency scam. The Singaporean national Matthew Ho allegedly used Marc Merill’s credit card information to purchase Amazon cloud computing technology so let’s find out more in the crypto news today.

It turns out that a fraudster used Merill’s credentials to purchase Amazon computing serves and it took about four years for the fraud to be discovered. Beginning in November 2014, Ho used the credit card information from the co-creator of League of legends and purchased cloud computing technology from Google, Amazon and other providers. More than $5 million was spent on Amazon’s cloud computing technology but the court didn’t say if the whole bill was paid. This cloud computing technology was then used to mine cryptocurrencies such as bitcoin. The cryptocurrencies were later sold on localbitcoins.net but it is still unclear how much money Ho made by operating the scam.

As it was recently discovered unsealed indictment in the United States, shows more information about how the Singaporean national was able to get away with this crypto scam until January 2018. H o used Merill’s real home address and a fake Californian driver’s license and a Gmail email address that looked similar to the one Merill had in order to prove to Amazon that he was the real Merill.

Riot games are known to use the Amazon cloud computing technology and Merill was a customer for a long time since his American Express credit card had been used to purchase these services before. This allowed Ho to access the substantially high levels of cloud computing services according to the investigators.

Merill was not the only person to be targeted in the crypto scam. Two other people from Texas and the United States and India are also alleged to have been defrauded by the same man. It is unclear how the scammer knew Merill’s address and Credit card information but Ho remains under arrest in Singapore and he is being investigated for a number of charges. These kinds of scams were extremely popular in 2018 and it seems like they are still preferred with the crypto scammers.