Skip to content

Two Bitcoin miners stole $ 1.5 million worth of electricity in Bulgaria

August 18, 2020

Bulgarian authorities arrested two men for illegally diverting more than $ 1.5 million in electricity to power two cryptocurrency mining farms.

According to a message dated August 14 from Bulgaria today Two men were arrested in connection with the theft of $ 1.5 million in electricity used to mine Bitcoin (BTC). in the small town of Kyustendil.

Representative of the management of The Region Ministry of Interior (ODMVR) and CEZ Electro Bulgaria spoke at a press conference. The two Bulgarian citizens of Sofia, aged 31 and 38, were caught Channeling the power supply to supply the two illegal mining operations for a period of between 3 and 6 months. I do, howeverThe evidence suggests the mining team had been there for more than a year.

Two Bitcoin miners stole $ 1.5 million worth of electricity in BulgariaTwo Bitcoin miners stole $ 1.5 million worth of electricity in Bulgaria

The deputy director of the CEZ, Philip Yordanov said it was the “biggest theft” of electricity that the utility company discovered. The amount stolen was enough to supply the neighboring community with electricity for about a month.

The two men were held by police for 24 hours before being released pending trial.

There is nothing unique in Europe

Unscrupulous cryptocurrency miners in many countries They try to redirect the power of their respective power grids as they become more aware of the profitability of the tokens.

One of The largest robberies occurred in China in July 2019. when 22 suspects were apparently arrested Engaged in an illegal cryptocurrency mining farm that consumes $ 3 million of stolen electricity. Police confiscated 4,000 mining machines in nine different factories.

The Russian authorities have also tried to crack down on Bitcoin miners who are stealing energy. In June, police arrested a 30-year-old miner who was accused of stealing nearly $ 500,000 worth of electricity from the state power grid. Another suspect and his nine alleged accomplices were arrested in March in a similar incident that involved stealing $ 200,000 of electricity per month to mine cryptocurrencies.

Receive Breaking News !

Install
×
Enable Notifications    Ok No thanks