RUSSIAN AUTHORITIES SEIZE $88,570 IN BITCOIN FROM ILLEGAL MINER!

Russian authorities have seized approximately $88,570 worth of Bitcoin (0.8414 BTC) from an illegal miner in Amur Oblast. The individual, a former executive of the Far Eastern Distribution Company (DRSC), stole over $44,334 worth of electricity to power his mining operations. He allegedly bypassed metering devices and created an unauthorized connection to the electrical grid to fuel his energy-intensive Bitcoin mining rigs.

Key Details:

Seized Amount: 0.8414 BTC, valued at around $88,570

Electricity Theft:Over $44,334 worth of stolen electricity used for mining

Perpetrator:Former DRSC executive with expertise in electrical networks

Investigation:Conducted by the Investigative Committee (SKR) and Federal Security Service

This seizure is part of Russia's broader efforts to regulate cryptocurrency mining and address growing energy consumption concerns. In another case, bailiffs confiscated 1,032 BTC from former Russian Investigative Committee investigator Marat Tambiev, who was convicted of accepting Bitcoin bribes and sentenced to 16 years in prison .#MyCOSTrade #BinanceAlphaAlert $BTC