Kazakhstan: Government Raids End $16 Million Crypto Mining Power Theft
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Kazakhstan’s Financial Monitoring Agency (AFM) and National Security Committee (KNB) have uncovered an illegal crypto mining scheme that siphoned more than $16 million worth of electricity to mining farms.
Kazakhstan Agencies Clamp Down On Illegal Crypto Mining
According to a statement released today, Kazakh financial and law enforcement authorities dismantled a large-scale operation in East Kazakhstan Oblast that illegally sold electricity to mining companies. The AFM and KNB said the stolen power could have supplied the needs of a small city in the region.
Notably, employees of local…
