Russian Power Play: Crypto Mining Heists $14M!

by

Well, folks, it looks like someone in Russia forgot to read the fine print on their electricity bill. 🇷🇺⚡ Because according to a report that’s hotter than a borscht in a sauna, Rosseti Group, the big kahuna of Russia’s electric companies, just lost over 1.3 billion rubles—or roughly $14.2 million—to a bunch of sneaky crypto miners who thought the power grid was an all-you-can-eat buffet. 🍽️💸

These modern-day outlaws, with their “black” mining farms, were siphoning electricity like it was going out of style, leaving Rosseti’s resources drier than a vodka bottle at a Moscow wedding. 🍸

The hotspots for this electrical heist? The North Caucasus, Novosibirsk, and the Center and Volga areas. These places weren’t just affected; they were hit harder than a Russian winter. ❄️💥

The Shocking Impact of Illegal Crypto Mining

Rosseti’s report reads like a crime novel, with 130 illegal connections busted and over 40 criminal cases filed. These crypto cowboys didn’t just steal power; they caused blackouts and even fried some equipment, leaving appliances crying uncle. 🏍️👎

Take Karachay-Cherkessia, for example, where they found nearly 200 mining systems in one spot, guzzling enough electricity to power a small spaceship. 🚀 And let’s not forget the folks in Makhachkala, who were running a speakeasy mining operation in an underground parking lot. Very subtle, guys. 🕵️‍♂️

But the grand prize goes to Novosibirsk, where they uncovered a mining operation so big, it could’ve been mistaken for a Soviet-era factory. Over 3,200 devices were seized, causing a financial black hole of 197 million rubles. And the mastermind behind it all? Detained. Talk about a power move! 👮‍♂️💡

All this drama left honest customers in the dark, quite literally, with power fluctuations that were more unpredictable than a Russian election. 🗳️🔄

Rosseti’s Crackdown: No Laughing Matter

//s3.tradingview.com/snapshots/j/j21HnsjK.png”/>

Featured image created with DALL-E, Chart from TradingView

Read More

2025-02-27 07:13