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Cloud company CEO accused of orchestrating million-dollar IP fraud scheme

8m us kronos

IPv4 addresses are so valuable because the more than 400 billion combinations handed out by ARIN and other regional internet registries are gone. The next generation, IPv6, will be implemented soon. In the meantime scammers are seizing that scarcity, hijacking dormant IPv4 addresses or buying them from shell companies — set up by other fraudsters — and buying them in bulk. This was the market shortage from which Golestan and Micfo were trying to profit, Ryan said,

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