One of the biggest underground crypto busts just went down — and it’s absolutely insane. 😳
I’m talking about a 30,000 square meter illegal mining farm — shut down by Russian authorities in Krasnoyarsk Krai, Siberia.
Let me break it down for you 👇
🔍 What Really Happened?
Hidden inside an industrial zone in the sleepy town of Nazarovo, this massive operation was mining Bitcoin$BTC like there’s no tomorrow — raking in an estimated $58,000 worth of BTC $BTC
monthly.
Despite being disguised as a “non-residential building” and tucked away behind barbed wire, this place was a full-blown mining fortress:
⚙️ Loaded with transformers, generators, and cooling systems
⚡ Illegally wired into the power grid
📉 Stealing electricity and putting entire city blocks at risk
🕵️ Investigators Discovered:
🔌 Unauthorized power connections
🔥 Fire safety violations
🏛️ Abuse of state-owned land
📑 Fake lease agreements
❌ Repeated legal warnings flat-out ignored
And here's the kicker — the whole thing got exposed because the local energy company noticed grid instability. Yes, they were drawing that much power.
Prosecutors didn’t play around. After securing a court order, they moved in and shut it all down.
💡 Not the First Time…
Back in February, a regional energy employee was caught taking bribes to turn a blind eye to illegal mining. That alone cost the grid BTC $BTC 119,000 in stolen electricity.
Now, Krasnoyarsk joins the ranks of Russia’s top 3 mining hotspots, alongside Irkutsk and Tatarstan — but not for good reasons.
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📌 My Take:
Illegal mining isn’t some harmless hustle. It’s dangerous, disruptive, and downright criminal.
It risks blackouts, fires, and drains power meant for communities.
With crypto adoption on the rise, regulators are watching — and shadow operations like this?
They’re going down. Fast.
Let this be a wake-up call to the underground:
Play by the rules — or get shut down.
#RussiaCrypto
#IllegalMining
#BitcoinBust
#CryptoNews
#MiningFarmRaid
#ByNonScore