Russian power company Rosseti suffered over $14 million in losses in 2024 due to illegal crypto-mining operations, which have led to network congestion, equipment damage, and criminal investigations. Unauthorized Crypto Mining Results in Heavy Losses For Rosseti Russian electricity provider Rosseti has reported $14 million (1.3 billion rubles) in damages from illegal cryptocurrency mining in […]
Source link

Chain Articles > Blog > Bitcoin > Russian Power Company Reports $14 Million Loss Due to Illegal Crypto Mining
Russian Power Company Reports $14 Million Loss Due to Illegal Crypto Mining
posted on
You Might Also Like
Gold Mining Developer Bluebird Ventures Unveils Bitcoin Reserve Plan
Jack DaviesJune 7, 2025
Bluebird Mining Ventures Ltd., a UK-listed gold exploration company, has made headlines after announcing it will convert future revenues into...
Gemini Aims for Wall Street: Winklevoss Twins File for IPO
Jack DaviesJune 7, 2025
Gemini, the crypto exchange built by everyone’s favorite identical twins, Cameron and Tyler Winklevoss, just quietly took a major step...
Know Labs, Inc. Announces Adopting A Bitcoin Treasury Strategy, Starting With 1,000 Bitcoin
Jack DaviesJune 7, 2025
Know Labs, Inc. (NYSE American: KNW) announced entering into an agreement with Goldeneye 1995 LLC and the Ripple Chief Risk...
Crypto ATM Use by Seniors Raises Red Flags—AUSTRAC Tightens Rules
Jack DaviesJune 7, 2025
Australia’s financial intelligence agency, AUSTRAC, is tightening regulations on crypto ATMs due to concerns over scams and fraud. New restrictions...