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Paraguayan Justice System Achieves Conviction for Power Theft Crime Linked to Cryptocurrency Mining
16.8.2024
The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a dwelling where over 1,000 cryptocurrency miners operated, was sentenced to 18 months in prison for causing over...
Latam Insights: Bukele Goes Chavez Mode Against High Prices, Paraguay Strengthens Power Theft Penalties For Crypto Mining
14.7.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele starts combating price gouging practices in El Salvador a la Chavez, Paraguay enacts penalties of up to 10 years of jail time for power...
Paraguayan Senate Passes Law Imposing up to 10 Years of Jail Time on Crypto Miners for Electricity Theft
12.7.2024
The Paraguayan senate has passed a series of reforms that changed penalties for energy and cryptocurrency mining-related energy theft. Now, individuals and companies found to be stealing energy for cryptocurrency mining activities will face jail time for up to 10 years, while energy theft for other...
Paraguay seizes 2,738 ASICs as power theft crackdown continues
31.5.2024
Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it
Malaysian State Records Largest Number of Power Theft Cases Linked to Crypto Mining
23.4.2024
Sarawak state of Malaysia's Miri region has accounted for more than half of power theft cases linked to crypto mining since 2018.
The post Malaysian State Records Largest Number of Power Theft Cases Linked to Crypto Mining appeared first on Cryptonews
Paraguay to Strengthen Measures to Fight Illegal Cryptocurrency Mining
26.3.2024
The Government of Paraguay will strengthen the measures directed to combat the illegal cryptocurrency mining operations in the country. In a recent meeting, ANDE, the National Power Administration, the Supreme Court, and the Department of Justice, agreed to deal with these crimes swiftly given...
Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years
10.5.2023
Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures suggest....
Malaysia Detains Over 600 People for Stealing Electricity to Mine Cryptocurrency
30.3.2022
In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has also confiscated equipment worth millions of dollars. Malaysia Police Announce Results From...
New York IT Supervisor Faces up to 15 Years in Jail for Mining Bitcoin in the Office
11.9.2021
A New York IT supervisor is facing a possible sentence of up to 15 years in jail for mining bitcoin in the office. The man, identified as Christopher Naples, allegedly had hidden 46 mining rigs in the offices of the Suffolk County Center in Riverhead, New York. According to the investigation, 10...
UK Police Raid Alleged Cannabis Farm, Finds Bitcoin Mining Facility Stealing Power
31.5.2021
Police from the UK executed a raid in an industrial unit in the West Midlands county expecting to find a cannabis farm, but instead found a big bitcoin mining facility, that was coincidentally bypassing the controls from the local power utility company to siphon energy from the main grid, stealing...
Malaysian Police Bust Gang That Stole $2.15 Million Worth of Electricity to Mine Bitcoin
20.2.2021
Police in Malaysia’s Jahor state have busted a seven-men gang that stole 8.6 million Malaysian ringgits ($2.15 million) worth of electricity to mine bitcoin and other cryptocurrencies. ● Police said they seized 1,746 bitcoin (BTC) mining machines across 21 premises in raids carried...
Bulgarian Electricity Company Unveils Details of Historic Power Theft Linked to Illegal Bitcoin Mining
16.12.2020
One of the largest exporters of electricity in Europe has revealed details of the most significant theft they have had in history, linked to a massive illegal bitcoin mining farm in a small Bulgarian village. Bulgarian Electricity Company Uncovers Massive Electricity Theft Linked to Illegal Bitcoin...
Malaysian Authorities Arrest Crypto Miners for $600K Power Theft
1.9.2020
The two crypto mining operations stole almost $20,000 in electricity monthly