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Taiwan: Suspect Arrested for Stealing $3+ Mln of Electricity to Mine Crypto

Published 28/12/2018, 04:09 am
Taiwan: Suspect Arrested for Stealing $3+ Mln of Electricity to Mine Crypto
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A Taiwanese man suspected of stealing electricity worth over $3 million to mine Bitcoin (BTC) and Ethereum (ETH) has been arrested, according to a report from local news channel EBC Dongsen News Dec. 26.

The suspect, whose surname has been given as Yang, has been accused of allegedly stealing the electricity to successfully mine cryptocurrencies worth over 100 million yuan (around $14.5 million). Yang is purported to have used a minimum of 17 various business premises to open toy shops or internet cafes there as a facade for his alleged crypto mining activities.

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