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
First European Brewery To Adopt Lightning Network for Payments
Jack DaviesJune 7, 2025
Paris, France – June 6, 2025 — Bitcoin payment gateway startup Flash, just announced a new partnership with the “Bitcoin...
FCA Proposes Lifting Ban on Crypto ETNs for UK Retail Investors
Jack DaviesJune 7, 2025
The UK’s top financial regulator just made a surprising pivot. The Financial Conduct Authority (FCA), known for its cautious stance...
Mapping Bitcoin’s Bull Cycle Potential
Jack DaviesJune 7, 2025
Bitcoin’s Market Value to Realized Value, or MVRV ratio, remains one of the most reliable on-chain indicators for identifying local...
Whale Transfer Of 53 Million XRP Sends Ripples — Can Bulls Defend $2 Level?
Jack DaviesJune 7, 2025
Main Takeaways:-Whale Alert shared that 53 million XRP, worth $118 million, was sent to Coinbase. This made people worry that...