Venezuelan Bitcoin Miners Arrested for ‘Electricity Theft’
Four Bitcoin miners have been arrested in Charallave, Venezuela according to the spanish-language Bitcoin publication Criptonoticias. The arrest comes at a time of turmoil in Venezuela’s economy, with some individuals turning to Bitcoin. Four Venezuelans Arrested for Stealing Power to Mine Bitcoin. In the early morning of January 25, Venezuela’s director....
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Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report that quotes an anonymous source, the objective of this meeting is to discuss the process of connecting miners to the National Electric System (SEN) as well as “the rate to be paid.” Furthermore, the report quotes the anonymous source saying Corpoelec officials “were shutting....
Venezuela has arrested a group of Bitcoin miners for allegedly “affecting stability” of the country’s electricity supply. Thirsty Work Causes Problems for Miners. As reported in local news resource Criptonoticias, four people running 300 machines to mine bitcoins are now in custody in Charallave, Miranda province. The Venezuelan Scientific, Penal and Criminal Investigation Corps said that the operation, which also involved the selling of bitcoins on the country’s border, was having a negative impact on the national grid. “The modus operandi of these citizens was as follows: through the....
The law enforcement authorities have arrested four Bitcoin miners on charges of committing cyber fraud and theft of electricity. The people of Venezuela have been having a rough time since their economy went into a downward spiral. As the economy continues to worsen, Venezuelans have started to find Bitcoin as an alternative to their worthless bolivars. But the country’s government which failed to manage its economy doesn’t seem too happy about it. Recently, the law enforcement agencies in Venezuela cracked down on Bitcoin miners. The arrests were announced by the director of Cuerpo de....
Venezuela’s federal police have taken four Bitcoin miners into custody as they being accused of electricity theft and cyber fraud. First reported by regional industry publication Criptonoticias, three men and a woman were arrested in the town of Charallave in the northern region of the country. The arrests first came to light via the Instagram feed of Douglas Rico, director of the Cuerpo de Investigaciones Científicas Penales y Criminalisticas (CICPC), the federal police agency. The director’s public social media post identified the apprehended as Néstor Rafael Amundaray Precilla (57), Ana....
Venezuelan authorities have reconnected affected bitcoin miners to the power grid in Carabobo state, after having been disconnected for undisclosed causes. Sunacrip, the cryptocurrency watchdog in the country, mediated between the regional power utility authorities and the affected miners, and managed to exert pressure to reconnect these miners, who were disconnected last week. Venezuelan Bitcoin Miners Reconnected to Power Grid Venezuelan authorities executed a reconnection operation yesterday for a group of affected bitcoin miners. The miners were reconnected to the national power grid....