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A former Elektro -Grid manager in Russia lost about $ 7 million (approx. 88,570 US dollars) in Bitcoin after law enforcement officers confiscated his stock.
According to a press release from the investigative committee for the Amur -Oblast, the person used the services chargeable for technological connection services on the far -east sales company was chargeable for using the network to make use of the network and to operate mining equipment in his own residence.
It bypassed a measuring device in 2024 and steel electricity value greater than 3.5 million (approx. $ 44,334) to cut back about 0.8414 BTC.
The operation was illuminated as an official of the Russia's important inspection organization, which worked with the Federal Safety Service, attacked his property and took control of his digital wallet.
Details of the raid
Based on reports of the Amur branch of the Far Eastern Distribution Company, the investigators pursued the bizarre electricity consumption within the residence of the previous executive.
They say that he established an illegal connection to his employer's network facilities and hid the extra charge from measuring devices. As agents, they found several mining devices in his residential constructing. These machines had already produced around 0.8414 BTC, which was evaluated on the time of the seizure of around $ 7 million.
BTC now acts at USD 105,798. Diagram: Tradingview
Theft and mining
According to the investigators, the person incorporated the DRSC distribution network without permission. He avoided regular billing by solving power lines and tricking measuring devices. Over time, this caused greater than 3.5 million stolen electricity invoices.
With this free power he was in a position to dismantle Bitcoin in a room that looked like every other apartment. In the press release, he found that he had each fake connections for other approvals in addition to covered for himself.
In addition to the crypto mining, the officials found that he had taken bribes from local business owners who paid him to speed up the permits for power processing documents.
The crypto mining requires numerous energy and hundreds of specialised computers that run almost across the clock. Image: Christinne pussy/Alamy
Legal hurdles and changes
Mining or holding of Bitcoin was difficult in Russia since the cryptocurrency has no clear legal status. On the premise of reports, this was progressed because a draft law that was made public in April can treat law enforcement authorities in criminal cases as intangible property as intangible property.
If this draft law becomes a law, courts could arrange the seizure of Bitcoin and other digital tokens more easily. Until then, the investigators have depend on existing anti -theft and anti -corruption statutes to confiscate Krypto, similar to that they took a former installment at Krypto value 8.2 million US dollars from a Hydra -Darknet or a survey of 1,032 BTC (Raughory -$ 88.5 million) in today's installments SKR investigator from a former SKR investigator founded at Bitcoin.
Broader approach in Russia
This arrest is just a part of a greater effort for Russia to jam against illegal crypto activities. Last 12 months, the Russian authorities in response to the Darknet markets, insider dealers who hide behind Krypto -Deals, and everybody who uses hacks to steal electricity for mining.
On the premise of reports, federal authorities imagine that attracting the network free of charge power has turn out to be a typical trick amongst local miners – especially in distant regions by which supervision is weaker.
Selected picture of Getty Images, Diagram by Tradingview
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