Ukrainian law enforcement has uncovered an illegal mining farm located in the Kyiv region that has stolen an estimated 3.5 million hryvnias (roughly $128,000), according to a statement issued by the prosecutor's office.
While the equipment has been confiscated, authorities have not managed to find out who was responsible for setting up the operation.
Advertisement
Advertisement
The owners of the seized Bitcoin mining machines are facing eight years behind bars.
In order to remain undetected and reduce the level of electricity consumption, whoever operated the facility connected it directly to one of the local electrical substations.
Fri, 12/03/2021 - 14:37
Asia's Richest Man Is Bullish on Blockchain
In July, the Security Service of Ukraine uncovered what was initially thought to be the country's biggest underground mining farm that was chockful of PlayStation 4 consoles. However, it later turned out that the PS4s were actually being used as a FIFA bot farm.
In May, U.K. police discovered a cannabis factory instead of what appeared to be a crypto mining facility.
Shiba Inu (SHIB): Moon or Doom Price Moment, Will Solana's (SOL) Golden Cross Help? Bitcoin (BTC) Price Explosion Coming
XRP Beats Bitcoin, Satoshi Nakamoto Now $130 Billion Whale, 18,120,000,000 Dogecoin in 24 Hours: Crypto News Digest
Coinbase Lists Two New Cryptocurrencies: Details
Ripple's Stablecoin Head Says DeFi Growth Is 'Exploding'
Dan Burgin
Vladislav Sopov
U.Today Editorial Team