Amid Risk of Power Deficit, Ukraine Shuts Down Another Crypto Farm
With а growing threat of electricity shortages in the winter months, Ukraine has busted another large coin minting facility illegally drawing power from the grid. The country’s security agency announced it’s stepping up efforts to ensure the nation’s energy system is well-protected from such consumers. Large-Scale Illegal Mining Operation Uncovered in Central Ukraine The Security Service of Ukraine (SBU), the country’s top law enforcement agency, is intensifying “systematic work to ensure the protection of critical infrastructure of the United....
Related News
Law enforcement officials in Ukraine have closed down a cryptocurrency mining farm that was minting digital coins using stolen electricity. The facility had more than 150 mining rigs that have been confiscated during a raid in Chernihiv region. Authorities in Ukraine Seize Over 150 ASICs From Crypto Mining Farm The Security Service of Ukraine (SBU) has uncovered and shut down a crypto farm that was operating illegally in Chernihiv Oblast, in the north of the country. The unidentified owners had illegally connected the facility to an electrical transformer substation of the region’s....
Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crack down on illegal activities in the sector. The crypto farm, located at a railway station, is the latest targeted mining operation in the country which has been struggling with its power deficit. Authorities in Kazakhstan Seize Over 100 Mining Rigs From Unauthorized Farm Kazakhstan, a crypto mining hotspot since last year, has been trying to limit operations in its crypto mining sector which expanded rapidly after China launched an offensive against the industry in May 2021. The government....
Ukraine’s main law enforcement agency has busted an illegal facility mining cryptocurrencies in the Kharkiv region. The operators of the crypto farm have been minting coins using large amounts of stolen electricity, threatening energy supply to critical infrastructure, the agency said. Illegal Mining Farm Discovered in War-Torn Kharkiv Region Officers from the Security Service of Ukraine (SBU) have discovered and closed down an underground crypto mining center in the eastern region of Kharkiv, the scene of military hostilities between the Ukrainian army and invading Russian forces.....
The Security Service of Ukraine (SBU) has located a massive coin minting facility that was illegally connected to the power grid in Vinnytsia. Law enforcement officials claim it’s the largest underground crypto mining farm they have found so far. Ukraine Seizes Thousands of Video Game Consoles Mining Crypto With Stolen Electricity Ukraine’s main law enforcement authority, SBU, announced this week it exposed a large-scale electricity theft in the city of Vinnytsia, in west-central Ukraine. The stolen power was used to mint digital coins in what officials described as the....
Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted “colossal damage” to the nation’s power grid and that they are still trying to estimate the losses. Underground Crypto Farm Busted in Kyrgyzstan The region of Central Asia, including the Republic of Kyrgyzstan, has become a hotspot for cryptocurrency mining lately. Companies involved in the extraction of digital coins have been attracted by its low energy rates amid an ongoing....