Interpol recently announced significant victories in combating fraud and illegal crypto mining in Angola, including mass arrests and seizures.
Arrests and Seizures in Angola
In a notice dated August 22, Interpol reported over 1,200 arrests in a widespread operation against cybercrime across several African countries. Specifically, in Angola, 25 illegally operated crypto mining operations linked to 60 Chinese citizens were shut down. Equipment valued at over $37 million was seized and is set to be distributed for financial support to vulnerable areas.
Regulation of Crypto Mining in Angola
Angola, with a population of approximately 39 million, is experiencing significant power supply problems. Authorities have primarily blamed crypto miners for exacerbating the situation, resulting in a ban on mining introduced in April 2024. This move reflects a growing trend among countries globally aimed at limiting or outright banning crypto mining to optimize electricity distribution. A notice from the Chinese embassy in Angola stated that participating in crypto mining could result in imprisonment from one to five years.
Electricity Theft Related to Crypto Mining in Russia
A recent power line inspection in the Republic of Buryatia, Russia, uncovered an illegal crypto mining operation concealed within a truck. The setup was utilizing unauthorized electricity supply, marking the sixth case of electricity theft related to crypto mining in the region this year.
Large-scale operations against cybercrime highlight the growing concerns of authorities regarding crypto fraud and power supply issues. The uncovering of significant schemes in Angola and Russia underscores the complex challenges faced by many countries in this area.
