The Security Service of Ukraine raided Crypto Mining firm because of illegal techniques to collect electricity for mining. SSU seized the firm & also arrested the miners.
On 8 July, Security Service of Ukraine announced about theru raid on a mining firm which was using illegally extracted large amounts of electricity for their nearby location Vinnytsia city.
According to the report, this mining firm was a top level large mining firm of Ukraine and also it was a well known mining firm of Ukraine. But this firm was collecting lots of electricity from the nearby city Vinnytsia directly without any permission & illegally. This was totally illegal activity, according to authorities.
In the raid , they arrested many people who were involved in the mining operations. Since they didn’t clearly tell about the number of arrested persons but according to the statement they arrested many people from the mining firm.
They seized 5000 computer equipment & recovered over 3500 PS4 gaming consoles and about 500 graphics cards that were found during the raid.
SSU further informed, firm was responsible for the huge electricity shortage problem in the city. That is why they needed to take this action to solve the problem and catch the responsible people.
“The SBU has exposed and documented the illegal extraction of large amounts of electricity in Vinnytsia.”
These miners were easily getting huge amount of electricity easily because of their mining firm located in the warehouse of Ukrainian electricity provider, Vinnytsiaoblenergo.
And they tapped into the company’s power supply to operate their mining operations.
So these miners were getting huge amounts of electricity without any cost. And that is why they got catched by the Authorities.
Reports also say, this action of Ukraine’s authority against illegal mining farms is influenced because of the recent case of China’s seizure crackdown on a software company based in Beijing.