Chinese Bitcoin Miners Arrested For Alleged Power Theft

April 25, 2018 10:27 pm Published by

Bitcoin miners in two Chinese cities have been arrested and charged with allegedly stealing electricity, CoinDesk reported Wednesday.

Six people were arrested in the city of Tianjin, the report said, with the Xinhua news agency reporting the suspects used 600 cryptocurrency miners to generate bitcoin with power taken from the local power grid.

Police allege the group avoided paying the bills for the power usage by bypassing the electric meter.

After an investigation, Xinhua said, the local power company noticed a spike in electricity consumption, leading to the seizure of the 600 bitcoin miners along with eight high-powered fans.

In the second case, the official news site of China’s supreme prosecutor reported two suspects were arrested in the city of Wuhan and also charged with alleged electricity theft.

In that case, CoinDesk reports, the suspects had allegedly been using an empty and discarded warehouse since March 2017 to house bitcoin miners, while avoiding utility bills.

WN.com, Jack Durschlag



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