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    Uzbekistan

    Illegal crypto mining operation unveiled in Samarkand costs over $180,000 in damages

    Illegal crypto mining operation unveiled in Samarkand costs over $180,000 in damages

    In a recent development in Samarkand, authorities have uncovered an illicit cryptocurrency mining operation in a residential property, causing significant financial losses estimated at UZS 2.5bn ($201,896).

    Mining farm.
    Source: Cybersecurity Department of the Ministry of Internal Affairs

    The discovery was made in collaboration with the Cybersecurity Department of the Ministry of Internal Affairs in the Samarkand region and specialists from the regional power grid enterprise, revealing a nexus between the illegal use of electronic technologies and electricity, the ministry's press service reports.

    The individual at the center of the operation, identified as 33-year-old H.A. residing in Samarkand city, was targeted as part of rapid-preventive measures aimed at identifying and curbing unlawful activities. Investigation teams found that H.A., operating under the pseudonym Mayin, had established an unauthorized mining farm within his apartment, utilizing a network of devices for the operation.

    Illustration on the topic of crypto mining.
    Source: Fidelity Investments

    Preliminary assessments indicate that Mayin's actions resulted in material damages totaling UZS 2.2bn ($181,868). The illicit setup was executed without the necessary permits, documentation, or metering equipment.

    In response to this alarming situation, law enforcement authorities have initiated a criminal case. This particular offense carries severe penalties, including imprisonment ranging from 8 to 15 years. As the investigation unfolds, efforts are underway to determine if H.A. is linked to other similar, undetected crimes.

    This revelation follows a prior incident where another illegal mining farm, associated with Mayin, was discovered in the basement of a non-residential building in the "Kamolot" neighborhood of the Past Dargom district in the Samarkand region. The earlier discovery led to damages amounting to UZS 2.2bn ($180,656), impacting both the state and society. Authorities are intensifying their investigative and search operations to ensure comprehensive scrutiny of the circumstances surrounding these illicit activities.

     

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    24.12.2023, 18:29   Comments (0)   2534
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