Police find illegal Bitcoin farm at Ukrainian state institute

By Denys Krasnikov / August 11, 2017

Ukraine’s National Police have arrested several suspects who were illegally producing bitcoins at a recreation center of a Ukrainian state institute, according to newly released court documents.

Police found that 200 computers had been set up in an unused swimming pool at the Paton Electric Welding Institute’s recreation center to generate bitcoins, the world’s most popular digital money.

Topics: Cryptocurrencies, Kyiv, Legal, Legal matters, News, Payments & fintech, Regions

About

Denys Krasnikov

Denys Krasnikov is a Kyiv Post IT reporter. He studied journalism in Zaporizhia National University. Denys can be reached at krasnikov[at]kyivpost.com.

http://www.kyivpost.com

About

Launched in 1995, Kyiv Post is Ukraine’s leading English-language newspaper, produced by a team of Western and Ukrainian journalists. Over the years, the weekly newspaper has led the charge for a free press in Ukraine, and has played roles in the Georgiy Gongadze scandal, the Orange Revolution and other significant Ukrainian events. The Kyiv Post’s IT coverage is sponsored by Looksery, Ciklum, Steltec Capital and SoftServe. The content is independent of the donors.

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