Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown

Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan CrackdownLaw enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities. Cryptocurrency Miners in Dagestan Accused of ‘Illegal Entrepreneurship’ Officers from the Ministry of Internal […]

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Crypto Pyramid Busted in Russia, Losses Exceed $10 Million

Crypto Pyramid Busted in Russia, Losses Exceed $10 MillionRussian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto Pyramid Organizers in Dagestan, Russia Officers from the Federal Security […]

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Russia, Ukraine Shut Down Several Cryptocurrency Farms

Russia, Ukraine Shut Down Several Cryptocurrency FarmsAuthorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around the capital cities, Kyiv and Moscow, as well as in the Russian republic of Dagestan. Russia Busts Illegal Mining Farms in Moscow Region and Dagestan Russian law enforcement […]

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