The PS4s seized in Ukraine were used to obtain FIFA coins and envelopes, not to mine cryptocurrencies

Last week, Cointelegraph reported the seizure of 3,800 PlayStation 4 consoles that were allegedly used to mine cryptocurrencies. The seized units were part of hardware loot discovered by Ukrainian authorities during a raid on a farm that was accused of tampering with electricity meters to steal electricity from the local grid.

After the news that began to circulate PS4 consoles, graphics cards, processing units, and other hardware found at the crime scene have been used for illegal cryptocurrency mining operations.

However after one detection from the Ukrainian business publication Delo, Confiscated PlayStation consoles were used to generate envelopes and coins for FIFA Ultimate Team (FUT), a game mode of the popular football title FIFA.

The PS4s seized in Ukraine were used to obtain FIFA coins and envelopes, not to mine cryptocurrencies
The PS4s seized in Ukraine were used to obtain FIFA coins and envelopes, not to mine cryptocurrencies

Players typically have to earn FUT coins and cards by winning games in the game, but the mined warehouse is said to have spawned black market variants of these items. According to Delo, the Ukrainian secret service has yet to confirm or deny its results, and the agency has chosen to keep all details of the investigation they are conducting secret.

The Cointelegraph news casts doubt on the possibility that the illegal operation was used to mine cryptocurrencies:

“A PlayStation 4 is not the ideal equipment for mining cryptocurrencies. Given its somewhat outdated configuration compared to many of the mining devices currently available, even a 16-console configuration of the PS4 with legal use of electricity would not be able to generate significant profits. “

However, using gaming hardware to mine cryptocurrencies is not uncommon and has actually been linked to a lack of graphics cards (GPUs) for non-crypto mining users. The increasing demand from miners for graphics cards combined with a global shortage of semiconductors meant that budget-conscious PC gamers could not get next-generation graphics cards for their hardware.

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