According to BlockBeats, Russian authorities have apprehended an individual suspected of involvement in a cryptocurrency mining scam, which reportedly defrauded victims of 270 million rubles, equivalent to approximately 3.2 million USD. The case has affected around 100 individuals.
The investigation began when a local resident reported the incident in February, claiming he had entrusted an ASIC mining machine to a person who purportedly operated a 'mining hotel' and promised passive income. The 26-year-old suspect, along with two accomplices, allegedly sold the received mining machines and misappropriated funds intended for purchasing additional mining equipment.