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Ukraine Police Bust Massive Crypto Mining Operation Stealing Electricity

Business Insider reports:

A huge underground cryptocurrency mining operation has been busted by Ukraine police for allegedly stealing electricity from the grid. Police said they’d seized 5,000 computers and 3,800 games consoles that were being used in the illegal mine, the largest discovered in the country.

The mine, in the city of Vinnytsia, near Kyiv, stole as much as $259,300 in electricity each month, the Security Service of Ukraine said. To conceal the theft, the operators of the mine used electricity meters that did not reflect their actual energy consumption, officials said.

“Such illegal activity could lead to power surges and left people without electricity,” the security service said.


Read more of this story at Slashdot.

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