Federal Reserve Employee Gets $5000 Fine For Doing Bitcoin Mining On A Fed Server

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Title : Federal Reserve Employee Gets $5000 Fine For Doing Bitcoin Mining On A Fed Server
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Federal Reserve Employee Gets $5000 Fine For Doing Bitcoin Mining On A Fed Server

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H5N1 onetime Federal Reserve employee was sentenced Fri to 12 months probation as well as a $5,000 fine later on pleading guilty inwards Oct to installing unauthorized software on a reckoner server at the Federal Reserve,

Nicholas Berthaume, who every bit a communications analyst had access to reckoner servers at the Fed’s Board of Governors inwards Washington, installed software that connected to an online bitcoin network inwards guild to earn units of the digital currency, according to a controversy Mon from the key bank’s Office of Inspector General.

Berthaume besides “modified certainly safety safeguards as well as hence that he could remotely access the server from home,” the controversy said. When confronted, he tried to comprehend upward his actions past times deleting the software; eventually he was fired as well as admitted guilt, the share said.

  -RW

(via Bloomberg)


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