Illegal Cryptocurrency Mining Operation Halted in Russia

According to PANews, authorities in Russia's Krasnoyarsk Krai have uncovered an illegal cryptocurrency mining operation in the town of Nazarovo. The facility, spanning 30,000 square meters, was located in a state-owned industrial area and was reportedly generating a monthly revenue of approximately 4.6 million rubles (around $58,700). The operation utilized a significant number of transformers, generators, and mining machines, and was illegally connected to the municipal power grid. Despite previous warnings from the prosecutor's office, the company continued its activities until a court order mandated a complete shutdown of its operations. The discovery highlights ongoing challenges in regulating cryptocurrency mining activities in the region.