Kazakhstan loses $2.3 million to illegal crypto miners in two years
Unlicensed mining operations continue to cause Kazakhstan financial losses, despite efforts to bring the whole industry out of the shadows.
According to the latest estimate, damages incurred by the state in the past couple of years amount to well over a billion Kazakhstani tenge, although the government has managed to recover some of the money in the form of seized digital assets.
Underground mining farms stole the electricity of a large city
Illegal crypto mining facilities are responsible for the loss of around 1.3 billion tenge (over $2.3 million) in state revenue since the beginning of 2024, financial authorities in Kazakhstan have calculated.
Investigators opened 17 criminal cases during the same period, the country’s…
