The U.S. legislature hasn’t touched computer laws in forever, so an armchair guess is hard, but chances are that causing an extreme financial burden by hotlinking someone else’s images is illegal - although maybe the fact that fakercloud could just block hotlinking based on the referrer header means it’s not as open-and-shut of a case.
But it seems very similar in concept to automated web scraping, which has been deemed legal in the US.