Ukrainian Authorities Seize 3,800 PS4 Consoles in Crypto Mining Raid

A raid in the Ukraine has uncovered a mining operation consisting of 3,800 PlayStation 4 consoles.

According to reports, officers from the Security Service of Ukraine (SSU) additionally seized 50 processors and 500 graphics playing cards when raiding the unlawful mining op. An official statement from the SSU referred to as the mining operation “the most important crypto farm in Ukraine,” from which they confiscated over 5,000 models of laptop tools. 

The assertion asserts that the farm illegally extracted massive quantities of electrical energy in the town of Vinnytsia. To the proportions that would have left total neighborhoods with out electrical energy.

Furthermore, the assertion says that residents of Vinnytsia and the Ukrainian capital Kiev established the mining operation. According to the SSU, the miners arrange their op at a former warehouse of the Ukrainian electrical energy supplier Vinnytsiaoblenergo. They tapped into the corporate’s electrical energy community to energy their mining farm.

The SSU has said that they’re now investigating to ascertain who was concerned in the criminal activity. Including officers at Vinnytsiaoblenergo. The safety service registered proceedings beneath the Criminal Code of Ukraine pertaining to the theft of water, electrical energy or warmth by means of its unauthorized use.

This raid is the second profitable shutdown in Ukraine in July to date. The SSU found one other unlawful mining farm utilizing stolen electrical energy in Chernihev Oblast. SSU officers confiscated greater than 150 application-specific built-in circuits (ASICs) from the scene.

Cash and CBDC on equal footing in Ukraine

While their safety service cracks down on unlawful mining and electrical energy utilization, different issues are stirring in the Ukrainian crypto area. Particularly referring to their central financial institution digital forex (CBDC), the digital hryvnia.

On July 2, reports revealed that the nation’s parliamentary physique, the Verkhovna Rada, handed a legislation on funds companies that made the CBDC a fee customary. In different phrases, treating it as the identical as money.

This determination signifies the Ukrainian authorities’s enthusiasm in the direction of making its financial system digital. The digital hryvnia remains to be in its analysis and growth section. However, Ukrainian officers have been contemplating a CBDC since 2018, and even examined a prototype on the Stellar Lumens blockchain.

Reports additionally point out that their determination makes Ukraine one of some nations to ascertain a legislation recognizing a CBDC.

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About the Author: Daniel