Ukrainian Security Department And Law Enforcement Uncover a Crypto Mining Farm in a Railway Subdivision in Lviv

Alo Kingsley   Nov 19, 2019 03:30 - 2019-11-19T104743.490.jpg


According to a report, Ukrzaliznytsia has uncovered a hidden cryptocurrency mining farm in the Lviv railway subdivision, which has been making use of the country’s electricity without paying for it. This secret mining company was discovered by Ukrzaliznytsia's security department, in conjunction with law enforcement officials.


Oleg Nazaruk, Director of the Department of Economic and Information Security of Ukrzaliznytsia JSC, was the person that reported the news. He noted that more than 100 computers were found, and each of these computers could generate Bitcoin and utilized Ukraine power generation, which has resulted in a huge loss.


“During the inspection of the premises where the so-called farm was located, more than 100 pieces of computer equipment were identified that were generating bitcoins. The equipment mentioned above was connected to the Ukrzaliznytsia power grid. The estimated amount of losses since the beginning of the year is UAH 1 million,” he commented.


The report made reference to Ukraine's law, which it claimed prohibited the issuing and circulation of cryptocurrency in Ukraine, making cryptocurrency-related activities illegal in the country.


The sample collected by the security agents that uncovered the mining company has been sent to the Ternopil Police Department of the Main Directorate of the National Police in Ternopil Oblast for verification.


Image via Shutterstock



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