Rio de Janeiro Civil Police have uncovered a crypto mining operation linked to the Comando Vermelho gang, utilizing stolen electricity. The raid revealed approximately 30 computers set up in an abandoned lot, drawing power from a clandestine connection to a utility pole. This setup highlights a potential model for converting stolen electricity into digital currency, bypassing one of the highest costs in crypto mining.
The operation underscores the gang's ability to leverage territorial control for illicit activities, with the mining setup potentially serving as a revenue stream. Brazil's electricity regulator reported significant losses due to energy theft, with Rio de Janeiro among the highest. The discovery adds to the growing evidence of organized crime's involvement in crypto-related activities, as authorities continue to investigate the extent of the gang's operations and financial links.
Brazilian Police Uncover Crypto Mining Operation Using Stolen Power
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