Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital
Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the owners of which have been accused of large scale fraud. 100 Russians Lose Mining Machines Worth 100 Million Rubles Police in the Russian Irkutsk Oblast have launched an investigation of the operators of a mining hosting facility suspected of defrauding clients and stealing their expensive coin minting hardware, Tass news agency reported, quoting the region’s Main Directorate of the Interior....
Related News
The French cryptocurrency hardware wallet manufacturer Ledger is seeking to raise fresh new capital after raising $380 million in June 2021, according to sources familiar with the matter. The hardware wallet company Ledger is reportedly looking to raise at least $100 million from strategic investors. Crypto Hardware Wallet Manufacturer Ledger Is Reportedly Looking to Raise $100 Million in Funding According to Bloomberg, the French crypto hardware wallet manufacturer Ledger is seeking more funds after the firm’s Series C last June. At the time, Ledger raised $380 million in a finance....
As a follow-up to a post made yesterday, in which KnCMiner's upcoming Titan Scrypt mining rig pre-orders were announced, the company has shared some news with regard to sales - and they're nothing short of impressive. According to TechCrunch, the company notes that they managed to sell $2 million worth of the rig in pre-orders. In a four hour period. Let that sink in for a moment. Coming in at $9,995, it isn't cheap either. But for users looking to mine alternative cryptocurrencies, it could be a worthwhile investment. "We are overwhelmed by the positive response we have gotten and we will....
The 34-year old convict was reportedly not able to make use of the stolen mining equipment due to a “lack of relevant knowledge.” Authorities from Russia’s Zavolzhsky district have found a 34-year-old local man guilty of stealing cryptocurrency mining equipment worth more than 1.6 million rubles (nearly $22,000).According to the report shared by the Prosecutor's Office of the Yaroslavl Region, the state prosecutor confirmed that the Yaroslavl resident was found entering a friend’s garage unlawfully back in Feb. 2021 and stealing their mining equipment that was intended to be used for....
An ex-cop in New Jersey indicted last year for trying to sell stolen bitcoin mining equipment has reportedly plead guilty. Regional news service NJ.com reported today that Vincent Saggese plead guilty to official misconduct and receiving stolen property after being caught in a sting operation last year. Saggese was charged in April 2015 after attempting to sell a collection of stolen computer equipment that included mining products from KnCMiner. A 10-year veteran of the Plainfield Police Department, Saggese faces a sentence of as much as five years probation and mandatory community service.
Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing mining hardware worth over $20,000 and sentenced to three years in prison.
Russian Convicted of Stealing Mining Rigs Receives Prison Sentence
A 34-year-old man from the city of Yaroslavl, some 250 kilometers northeast of Moscow, has been found responsible for the theft of equipment for cryptocurrency mining. The hardware’s value has been estimated at 1.6 million rubles (almost $22,000),....