The Security Service of Ukraine has dismantled a clandestine crypto currency mining center in Kharkiv Region, which monthly stole industrial volumes of state electricity worth hundreds of thousands of hryvnias.

Besides, systematic overloading of utility networks could have led to serious interruptions in energy supply to residential areas and critical infrastructure facilities near the frontline.

According to the investigation, several local residents installed specialized equipment in a rented warehouse near Kharkiv and created this crypto currency mining farm.

Image by SSU.

To generate electronic money, they used large volumes of unaccounted electricity obtained through unauthorized connection to the grid.

During the searches, the law enforcement seized computers and specialized equipment with evidence of unlawful activity. The investigators will notify the organizers of illegal business of suspicion. The court is to decide on a preventive measure, and a pre-trial investigation is underway.

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The operation was carried out by the SBU Cyber ​​Security Department together with the National Police under the procedural supervision of the Holosiiv District Prosecutor’s Office in Kyiv.

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