Ukraine Security Service shuts down illegal crypto farm, confiscates mining rigs

A crypto farm working illegally was uncovered and finally shut down by the Security Service of Ukraine (SBU).

According to Forklog, the ability was positioned north of the nation, notably in Chernihiv, Oblast and the unidentified homeowners linked it to {an electrical} transformer substation of the area’s energy community.

Inside the ability, there have been 150 ASICs that had been operating on stolen electrical energy. These had been seized by SBU agents together with different auxiliary gear utilized in mining cryptocurrencies.

Installed in rented warehouses, the mining rigs had been estimated to have burned round 3 million Ukrainian hryvnias ($110,000) in simply two months.

A possible enormous drawback aborted

The seizure of the mining machines aborted what might have turned out to be a nightmare in Ukraine because the substation to which they had been linked to supplies energy to the ambulance service within the metropolis’s water utility firm, the Nizhyn.

The SBU additionally stated a part of the area might have been left with out electrical energy as continued operation of the mining farm may need triggered emergencies and provide interruptions.

The still-to-be-identified homeowners of the mining facility had been fairly smooth in hiding the theft from the native energy authority as they put in specialised gear that lowered meter readings. Meanwhile, investigation nonetheless continues in an try and determine the operators and convey them to justice.

Security Service working double time

The SBU lately has grow to be lively as regards to the crypto house. In truth, that is not their first operation this 12 months that focused crypto mining operations.

Just final June, the SBU discovered a crypto farm illegally linked to the facility grid in Dnipropetrovsk Oblast and 350 mining rigs, which consumed over $70,000 value of unpaid electrical energy, had been confiscated.


Image courtesy of Cointelegraph News/YouTube

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