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    Uzbekistan

    Illegal crypto mining operation results in losses amounting to over $60,000

    Illegal crypto mining operation results in losses amounting to over $60,000

    The Department of the Prosecutor General's Office has revealed the identity of an individual responsible for establishing an unauthorized cryptocurrency mining farm in the Zangiota district of the Tashkent region, causing financial losses amounting to UZS 789.8mn ($62,671).

    The mining equipment
    Source: Department under the Prosecutor General's Office

    Swift Action and Collaboration

    In a coordinated effort involving the Zangiota district department, as well as personnel from DXX, IIB, and ETK, authorities swiftly intervened to address the illicit activity. During the operation, it was discovered that an individual identified as U.O., residing in an apartment in the "Tokzor" MFY, had illicitly connected six sets of crypto-asset devices to the public electricity network for commercial gain.

    The investigation revealed that the unauthorized mining operation had caused significant financial losses, amounting to UZS 789.8mn ($62,671), detrimentally impacting both state resources and societal interests. Such actions not only undermine regulatory frameworks but also pose serious risks to the stability of public utilities and infrastructure.

    Legal Action Initiated

    Authorities are actively pursuing investigations to apprehend all individuals involved in the illegal crypto mining activities and hold them accountable for their actions.

    This recent discovery follows earlier reports of illegal cryptocurrency mining operations in the country. Previously, a Mayan farm operating unlawfully in the capital city incurred damages amounting to UZS 1.5bn ($119,026). Additionally, two mining facilities in Jizzakh were found to have caused losses to the state totaling approximately half a billion soums.

     

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    27.03.2024, 17:36   Comments (0)   1113
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