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Russian police arrest former post office chief for mining crypto

A former Russian regional post office chief was involved in mining cryptocurrencies via the office’s network in a small town, south of Russia. The Russian Police has initiated a criminal investigation against the alleged.

According to RNS, the SU Investigative Committee of Russia, the ex-chief is accused of illegally mining cryptocurrencies with professional equipment using the company’s power system for about six months. 

His plan was traced back to September 2019. As per the local authorities, the Federal Postal Service of Stavropol Territory endured losses over 30,000 Russian rubles ($427.50 U.S. dollars). 

According to the Criminal Code of the Russian Federation, the accused will be charged with “abuse of power.” The investigative committee is currently in the evidence collection phase. Furthermore, the identity of the detained individual was not disclosed by the police yet, as the investigation is still ongoing, and the criminal charges indictment has also not been filed yet.