South Korean Police Nab 14 for Illegally Mining Crypto With Cheap Power

[kreslik.news]

South Korean authorities arrested 14 persons representing 13 different companies for illegally engaging in cryptocurrency mining using cheap electricity in the country’s industrial complexes, the country’s Yonhap news agency reported.

The companies allegedly carried out the illegal mining activities across four different complexes in the country’s southwestern city of Gwangju. According to an announcement made by the Gwangju Metropolitan Police Agency on Sunday, six companies were located in the Hanam Industrial Complex, three companies in each of the Nano and Pyeongdong Industrial Complexes, while there was only one company operating in Jingok Industrial Complex.

According to Gwangju authorities, all these companies ... (read more)