ChainCatcher report, according to Livecoins, during a routine inspection targeting scrap metal theft and fencing, Brazilian police discovered a hidden illegal Bitcoin mining operation at a scrap recycling facility. Authorities seized approximately 15 ASIC miners and three servers, with the total estimated value of the equipment exceeding 200,000 Brazilian reais (approximately $39,400). While Bitcoin mining is not illegal in Brazil, the devices were illegally connected to the power grid, causing Cemig, the local utility company, to estimate monthly losses of around 60,000 reais (approximately $11,800). A 37-year-old employee at the recycling facility was arrested on the spot for theft and fencing, as he could not explain the origin of the equipment or provide any invoices. Police have also opened an investigation against a 31-year-old couple responsible for the business. Authorities are currently tracing the flow of the mined cryptocurrency.
Brazilian police seize illegal Bitcoin mining operation with 15 ASIC miners and 3 servers
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Summary
Brazilian police uncovered an illegal Bitcoin mining operation during a routine inspection targeting scrap metal theft. The setup, hidden in a scrap yard, included 15 ASIC miners and three servers valued at over 200,000 reais. The devices operated using stolen electricity, costing Cemig an estimated 60,000 reais per month. A 37-year-old employee was arrested for lacking proper documentation, while a 31-year-old couple is under investigation. Authorities are now tracing the mined funds. The incident may impact the Fear & Greed Index as regulatory enforcement intensifies.
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