Russian Authorities Bust $3.2M Crypto Mining Racket—Because Stealing Electricity Is So 2021

BTCC / BTCC Square / Coindesk /

Author:

Published:

2025-05-29 15:30:17

Russian Police Arrest Suspect in $3.2M Illegal Mining Operation: Report

Russian police just flipped the power switch on an alleged illegal mining operation—turns out, bypassing the grid isn’t as profitable when you’re caught.

The suspect’s $3.2M scheme? A masterclass in how not to HODL. Meanwhile, Wall Street still can’t decide if crypto is an asset class or a speculative bubble—some things never change.

By:

Bitget Wallet Teams Up With Coinpal—Now Spend Crypto at 6,000+ Online Stores

SHIB Defies Gravity: Memecoin Roars Back After Nosedive on Whale-Sized Volume

|Square

Get the BTCC app to start your crypto journey

Download on the App Store GEI IT ON Google Play

Get started today Scan to join our 100M+ users

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

Recommended

Promotions

Russian Authorities Bust $3.2M Crypto Mining Racket—Because Stealing Electricity Is So 2021

|Square