Kazakhstan’s Financial Monitoring Agency & National Security Committee have dismantled a massive illegal crypto mining ring in East Kazakhstan Oblast.
💡 Key Facts
$16.5M worth of stolen electricity sold to mining farms.
Power usage: 50+ MWh — equal to a city of 50k–70k people.
Involved local utility staff selling energy meant for residents & vital facilities.
Seized: 2 apartments & 4 vehicles bought with illicit profits.
⚡ Under Kazakh law, mining farms must buy electricity only from the state platform, max 1 MWh at a time.
🌍 Global Context
Russia tightening rules & launching mining hardware registry.
France exploring unused nuclear power for BTC mining.
📈 BTC currently at $120,260 (+1.3% 24h).
#Bitcoin #Kazakhstan #CryptoMining #BlockchainNews #BTC #CryptoRegulation