A former CEO of Russia has lost approximately ₽7 million (about $ 88,570) in Bitcoin after law enforcement agents seized Hans Stash.
According to a press release from Investigation Committee For Amur Oblast, the man – once responsible for technical connection services at Far Eastern Distribution Company – used her inner knowledge to tap the web and run mining rigs in their own home.
He past is said to be a measuring device in 2024 and stool more than ₽3.5 million (about $ 44,334) electricity to mine about 0.8414 BTC.
The operation emerged when officers from Russia’s main federal investigative bodies, worked with Federal Security Service, attacked their property and took control of their digital wallet.
Details of the raid
Based on reports from the Amur branch in Far Eastern Distribution Company, the investigators tracked unusual use of power at the former executive home.
They say he made an illegal connection to his employer’s network facilities and hid the extra load from meters. When agents moved in, they found several mining rigs set up in his residential building. These machines had already produced approximately 0.8414 BTC, which was valued at about 7 million years at the attack.
Electricity and mining
According to the investigators, the man lost to DRSC’s distribution network without permission. He avoided regular invoicing by redirecting power lines and deceiving meters. Over time, this increased more than ₽3.5 million in stolen electricity bills.
With the free power he could break Bitcoin In a space that looked like any other apartments. The press release noted that he used his role to both approve fake connections for others and foam electricity for himself.
In addition to crypto mining, officers discovered that he had taken bribes from local entrepreneurs, who paid him to speed up approvals for power -related documents.
Crypto mining requires a lot of energy, and thousands of specialized computers to run almost round the clock. Image: Christinne Muschi/Alamy
Legal barriers and changes
Mining or keeping bitcoin has been difficult in Russia because Cryptocurrency has not clear legal status. Based on reports, this case went ahead because a draft law – which was generally in April – applies to allow law enforcement providers to treat crypto assets as intangible property in criminal cases.
If that bill becomes law, courts can more easily command seizures of bitcoin and other digital symbols. Until then, investigators have relied on existing Anti residues and anti corruption students to confiscate crypto, seen when they nabbed $ 8.2 million in crypto from a former SKR investigator or seized 1,032 BTC (approximately $ 88.5 million at today’s prices) from a previous scope of a bit of a bit of a bit of a bit of a bit of a. from a former SKR investigator who was part of the Bitci -Bribin.
Wider degradation in Russia
This arrest is just a bit of a broader effort for Russia to squeeze firmly Illegal crypto activity. Over the past year, Russian authorities have gone after Darknet markets, insider dealers who hide behind crypto agreements and anyone who uses hacks to steal electricity for mining.
Based on reports, federal agencies believe that pressing the network for free power has become a common trick among local miners – especially in remote regions where monitoring is weaker.
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