• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Technicians Arrested in Hong Kong for Electricity Theft for Mining

Technicians Arrested in Hong Kong for Electricity Theft for Mining

user avatar

by Giorgi Kostiuk

an hour ago


In Hong Kong, two technicians were arrested by police on suspicion of stealing electricity for Bitcoin mining. The investigation revealed that their actions affected several institutions.

About the Arrest and Suspects

Two technicians, aged 32 and 33, were arrested by Hong Kong police for stealing electricity to power mining equipment. The suspects previously worked for an engineering company.

Methods of Electricity Theft

According to the South China Mining Post, the suspects set up eight mining devices in the suspended ceilings of two offices, using their electricity and internet connections around the clock. Their actions were uncovered when the institutions experienced slow internet connections and noticed a sharp rise in electricity costs in August by HK $8,000 to HK $9,000.

Legal Consequences

According to the police report, the suspects' actions fall under Hong Kong's Theft Ordinance, where individuals found guilty of using or diverting electricity without permission could face up to five years imprisonment. It is noteworthy that the police have withheld the names of the institutions involved, raising public curiosity.

This case highlights the importance of monitoring electricity consumption in institutions and the consequences of illegal Bitcoin mining. The police continue their investigation and analyze further evidence.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Leaders Harness AI: Secrets from Satya Nadella

chest

Satya Nadella shares how he utilizes AI to enhance productivity and streamline his work processes.

user avatarGiorgi Kostiuk

XRP Analysis: What Lies Ahead of the Resistance Break?

chest

Analyst highlights potential rise of XRP nearing critical resistance zone.

user avatarGiorgi Kostiuk

MiCA License: Socios.com's Historic Win Unlocks EU Crypto Market

chest

Socios.com obtains MiCA license from MFSA, ensuring regulatory clarity and access to crypto services in the EU.

user avatarGiorgi Kostiuk

UK Financial Ltd Announces Listing of Wrapped Tokens on Cat.Ex Exchange

chest

UK Financial Ltd has announced the launch of two wrapped tokens aimed at enhancing transparency for coin holders ahead of SEC filing.

user avatarGiorgi Kostiuk

Cardano: Open Interest Hits Records, Investigation Lifts Fraud Allegations

chest

Cardano (ADA) has sharply increased open interest in futures and confirmed its legitimacy following an independent audit.

user avatarGiorgi Kostiuk

FIO Protocol and BigWater: New Partnerships and Community Developments in August

chest

In August, FIO Protocol announced a partnership with BigWater, as well as community achievements and product updates.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.