Russian Police Arrest Alleged Crypto Mining Scam Suspect for $3.2M Theft
Russian police arrested an individual linked to a cryptocurrency mining scam, which reportedly defrauded 100 victims of 270 million rubles ($3.2 million), according to RBC.
- A local resident reported in February that he had handed over an ASIC mining machine to someone claiming to operate a "mining hotel" for passive income.
- The 26-year-old suspect and two accomplices allegedly sold the received equipment and misappropriated funds meant for purchasing additional mining machines.
- A criminal case for fraud has been initiated against the suspect, with ongoing investigations into the other members of the group.
- A similar incident occurred in 2022, involving a scam that defrauded individuals of 2 million rubles through a fake mining hosting scheme.