Ukraine’s largest illegal cryptocurrency mining business ever detected has been successfully busted in a raid by the Ukraine Security Service.
The long-sought illegal crypto mining farm has been raided, according to the Ukrainian Security Service on Thursday. The business was known as the largest crypto mining facility in the country .
More than $250,000 in weekly losses
It was stated that the facility, which was determined to be in the city of Vinnysta , caused power outages in many cities and caused more than $250,000 weekly damage. The facility was located in one of the old buildings of a local energy company and the meter data was changed to provide cheap electricity to the building. In the details of the investigation, it was stated that the miners were from Kiev and Vinnysta .
In the raid, 3800 game consoles, more than 500 GPUs, 50 CPUs and documents related to electricity theft were seized. Security forces initiated criminal proceedings against the miners according to the penal code.