Atlas21
  • ‎
No Result
View All Result
Atlas21
No Result
View All Result
Atlas21
Home Bitcoin

Russia: $88,500 in bitcoin seized from illegal miner for power theft

Newsroom by Newsroom
June 6, 2025
in Bitcoin
bitcoin
Share on FacebookShare on TwitterShare on Linkedin

Russian authorities are stepping up their crackdown on illegal Bitcoin miners with a new confiscation case.

Law enforcement in Russia has launched a seizure campaign against unauthorized mining operations, marking an escalation in the fight against illicit crypto activity. The latest case saw investigators in the Amur Oblast confiscate bitcoin worth $88,500.

The Investigative Department of the Investigative Committee (SKR) for Amur Oblast announced it had seized assets worth around 7 million rubles ($88,570; 0.8414 BTC) from a former executive of an unnamed power company.

The accused served as head of technological connection services at the Amur branch of the Far Eastern Distribution Company (DRSC), a power grid operator managing electricity distribution in Russia’s eastern Amur region.

Investigators found that the former executive exploited his insider knowledge of the company’s power distribution systems to siphon electricity from the grid. The stolen power was used to run mining equipment at his private residence.

The seizure followed an investigation revealing that in 2024, the man used his technical skills to bypass metering devices and create an illegal connection to his employer’s infrastructure.

Authorities estimate that the executive used over 3.5 million rubles ($44,334) worth of electricity belonging to DRSC.

In April, several Russian ministries drafted a legal mechanism proposing new powers for courts and law enforcement to confiscate cryptocurrencies in criminal cases. The proposal, backed by government policymakers, would allow authorities to formally recognize digital assets as intangible property in criminal proceedings.

Previous seizures

Investigators appear to have already applied the principles of this draft law in several cases. Among them is the case of a server operator for the darknet marketplace Hydra, from whom police seized crypto assets worth $8.2 million.

Judicial officers also seized 1,032.1 BTC from Marat Tambiev, a former investigator with the Russian Investigative Committee. A court found Tambiev guilty of accepting Bitcoin bribes from an international fraud network, sentencing him to 16 years in prison.

Previous Post

Spanish company Vanadi Coffee bets on Bitcoin: $1.1 billion investment

Next Post

South Korea: the new leader may favor Bitcoin ETFs and a national stablecoin

Latest News

tether
Crypto

Tether: first full financial audit with KPMG

by Newsroom
March 27, 2026
0

The USDT issuer has engaged Big Four firm KPMG for its first complete independent financial audit, alongside PwC for internal...

Read moreDetails
gamestop
Bitcoin

GameStop: the 4,709 BTC were not sold, they were held as collateral at Coinbase

by Newsroom
March 27, 2026
0

The 10-K filing submitted to the SEC clarifies that GameStop pledged its bitcoin as collateral as part of a covered-call...

Read moreDetails
brasile digital asset
Crypto

Brazil: seized digital assets to fund public security

by Newsroom
March 27, 2026
0

President Lula signed Law No. 15.358, directing digital assets confiscated from criminal organizations toward law enforcement funding.

Read moreDetails
mutui
Crypto

Fannie Mae: crypto-backed mortgages green-lit with Better and Coinbase

by Newsroom
March 26, 2026
0

For the first time in the history of the American real estate system, Fannie Mae will accept digital assets as...

Read moreDetails
uk
Crypto

UK: temporary ban on political donations in digital assets

by Newsroom
March 27, 2026
0

The British government has announced a moratorium on political donations in digital assets, with retroactive effect from March 25.

Read moreDetails
Atlas21

© 2026 Atlas21

Navigate Site

  • Editorial Policy
  • Cookie Policy
  • Privacy Policy
  • Team

Follow Us

No Result
View All Result
  • Bitcoin 101
    • What Is Bitcoin? A Complete Guide
    • Bitcoin Security: A Complete Guide
    • Bitcoin Privacy: A Complete Guide
    • Lightning Network: A Complete Guide
    • Bitcoin Mining: A Complete Guide
    • Advanced Bitcoin: A Technical Guide
  • Learn
  • Latest News
  • Interviews
  • Opinion
  • Feature
  • B2B Services
  • About Us
  • Contacts

© 2026 Atlas21

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site, we will assume that you are happy with it.