Authorities in Russia have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around Moscow, as well as in the Russian republic of Dagestan.
In particular, the Russian law enforcement and customs agents recently uncovered the theft of a large amount of electricity from the network operated by Rosseti in the Moscow region. The cost of the illegally consumed electricity used to power the mining hardware exceeds 500,000 rubles a day (almost $7,000), Korotkova detailed. Authorities have launched a criminal case and intend to prosecute the owners of the coin minting facility.
Russia shuts down several cryptocurrency farmsRead More
Topics:
Cryptocurrencies, Fintech, News
