Kvashuk made $2 million in cryptocurrencies by exploiting MICROSOFT

Sometimes people seem to believe that they can get away with anything, especially if it’s a crime against a corporation that is too huge to care about. Organizations, on the other hand, are concerned when their money has been at stake.

That is exactly what occurred with Microsoft. Bill Gates and Paul Allen established Microsoft. Microsoft Corporation is a multinational technology business based in Redmond, Washington, that manufactures computer software, consumer electronics, personal computers, and related services. The Microsoft Windows operating system, the Microsoft Office suite, and the Internet Explorer and Edge web browsers among the company’s most well-known software products. Microsoft was the world’s top software company by revenue in 2016 and rated No. 21 in the 2020 Fortune 500 rankings of the largest US firms by total revenue. Along with Google, Apple, Amazon, and Facebook, it is considered one of the Big Five corporations in the United States’ information technology industry.

Volodymyr Kvashuk, a former Microsoft software engineer was involved in the scam. Testing the company’s e-commerce infrastructure was one of his responsibilities, and a mistake he discovered let him make millions in cryptocurrencies. According to reports, Kvashuk was instructed to make purchases on the platform with fictitious accounts in order to account for any faults or flaws he discovered and then report. He failed to notify one of them and, in reality, profited from the exploit.

When he made a false transaction, one of the flaws allowed him to generate a redeemable gift card code. Rather than reporting the problem, Kvashuk exploited it by generating and selling the codes to a third-party website, which sold them for up to a 50% discount. From the sales, he amassed about $2.8 million in bitcoin, and he even falsified tax filings to claim the money was a present.

Kvashuk was sacked by Microsoft, and he is now facing deportation to Ukraine after being convicted of 18 federal offenses. Let this serve as a lesson: even if you think you’ve covered all the bases, crime does not pay. You’ll always find a way to get caught.

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