On June 11, illegal cryptocurrency mining activities were discovered in Russia's Republic of Buryatia involving a KAMAZ truck connected to a power line.
Discovery of the Illegal Operation
During a line inspection in the Pribaikalsky District, Russian inspectors found 95 mining devices and a transformer substation capable of powering an entire village. Two unidentified individuals fled the scene in an SUV.
Actions Taken by Authorities
Authorities present at the scene seized the mining rigs, and legal actions are being pursued against the illegal activities. They are taking steps to dismantle such operations while promoting legal pathways.
Penalties for Illegal Crypto Mining
Russian authorities are preparing new harsh penalties for illegal cryptocurrency mining, including fines ranging from 100,000 to 2 million rubles. These penalties apply to sole proprietors, officials, and corporations, while industrial offenders have their mined crypto confiscated by the state.
The recent discovery of illegal mining in the KAMAZ truck is not the only incident, as another unauthorized mining operation was found in an abandoned building on the same day. This highlights the scale of the illegal crypto mining problem in Russia.
