In brief
- A Governador Island man has been arrested on charges of siphoning off-grid electricity to mine cryptocurrencies.
- Brazil’s ruling Workers Party is pushing for mining to be confined to licensed, regulated entities.
- Illegal crypto mining is a growing problem around the world, with incidents in countries ranging from Malaysia to Kuwait over the past year.
As neighbouring countries like Paraguay and Venezuela deal with the impact of illegal crypto mining, a man has been arrested in the state of Rio de Janeiro in Brazil on charges of siphoning off-grid electricity to mine cryptocurrencies.
The incident occurred in the Freguesia area, on Governador Island, an island in the north of the state. According to communications from local police, officers found several high-performance machines used for digital mining and that the house had electricity but no meter, indicating illegal theft.
The property was rented exclusively for cryptocurrency mining operations according to police, and the mining activity was carried out 24/7. The alleged perpetrator has been arrested for electricity theft.
Go to Source to See Full Article
Author: Will McCurdy
