The former electric director in Russia lost about 7 million ₽ (about USD 88,570) in Bitcoin after law enforcement agents took his supply.
According to a press release Investigative Committee For the Amur Circuit, man – responsible for technological connections in the Fark Eastern Distribution Company – used his internal knowledge to touch the network and launch the mining platforms in his own home.
Apparently, he missed the measuring device in 2024, steals over 3.5 million ₽ (about USD 44,334) to extract about 0.8414 BTC.
The operation came to airy when officers from the main federal investigating body of Russia, cooperating with the Federal Security Service, attacked his property and took control of their digital portfolio.
Details of the raid
Based on reports from the Amur Branch of the distant Eastern company, investigators followed the unusual consumption of power in the residence of the former director.
They say that he made an illegal connection with his employer’s facilities and hid an additional load from the meters. When the agents moved in, they found many mining platforms set up in his residential building. These machines have already produced around 0.8414 BTC, which was valued at about 7 million ₽ at the time of the robbery.
Electrical theft and mining
According to investigators, the man used the DiSC distribution network without permission. He avoided regular settlements, redirecting power lines and cheating the meters. Over time, it adds over 3.5 million ₽ in stolen electricity bills.
Thanks to this free power he was able to extract Bitcoin in a space that looked like any other apartment. In a press release, he noticed that he used his role to both approve false connections for others and browse electricity for himself.
In addition to cryptographic extraction, officers discovered that they took bribes from local company owners who paid him for accelerating approval to documents related to power.
Crypto mining requires a lot of energy, and thousands of specialized computers to run almost round the clock. Image: Christinne Muschi/Alamy
Legal obstacles and changes
Bitcoins’ extraction or holding was challenging in Russia because the cryptocurrency has no clarity legal status. Based on the reports, this case passed forward, because the bill – issued in April – provides enabling bodies of cryptocurrency bodies in theoretical matters in criminal matters.
If this law becomes a law, courts can easier order to occupy Bitcoin and other digital tokens. Until then, investigators rely on existing anti -corporate and anti -corruption laws in order to confiscate cryptocurrencies, as you can see when they exhausted crypto with a value of $ 8.2 million from the former Hydra Darknet researcher or took over 1032 BTC (about $ 88.5 million in today’s rates) from the former SKR researcher found in Bitco in Bitco.
Wider repression in Russia
This arrest is only one piece of effort for Russia to decrease Illegal cryptographic activity. Over the past year, the Russian authorities followed Darknet markets, confidential traders hiding behind cryptographic transactions and anyone who uses hacks to steal electricity to extract.
Based on reports, federal agencies believe that knocking the free power network has become a common trick among local miners – especially in distant regions where supervision is weaker.
A distinguished picture from Getty Images, Chart from TradingView
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