Crypto Miners Led Dropbox To Ban Unlimited Storage Plan

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Dropbox Reveals Crypto Miner Misuse

The company revealed that it found users pooling in cloud space to use for crypto mining and more particularly for Chia, a cryptocurrency with a market cap of $250 million. In a statement, Dropbox said the some of the offenders were also reselling the pooled spaces. “Unrelated individuals pooling storage for personal use cases, or even instances of reselling storage,” it said.

Interestingly, the company began to be suspicious of the misuse when some of these accounts were frequently using up thousands of times more storage compared to the genuine business customers. It said that a growing number of these suspicious “customers” were buying its Advanced subscriptions not to run a business or organization, but for use case like crypto mining related activity. Hence, the company decided to remove the unlimited plan:

“As a result, we are sunsetting the “as much space as you need” policy and transitioning to a metered model.”

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The Chia network, which is a layer 1 blockchain, works on a unique consensus mechanism called proof-of-space-and-time

Also Read: DeFi Today: Uniswap Dominance, DYDX Rise And DeFi TVL At 2.5 Year Lows

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