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Crypto Trends

Interpol Arrests 1,209 Involved In Illegal Crypto Mining And Investment Scams

by admin August 23, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The International Criminal Police Organization (Interpol) has successfully conducted a continent-wide cybercrime crackdown in Africa, targeted against illegal cryptocurrency mining operations, inheritance scams, and fraudulent investments. Coordinated under the code name Serengeti 2.0, the three-month operation ran from June to August 2025, leading to more than 1,200 arrests and the recovery of close to $100 million in stolen funds and confiscated assets.

Operation Serengeti 2.0

According to Interpol’s press release on August 22, investigators from 18 African countries, working alongside the United Kingdom and supported by private-sector partners, dismantled 11,432 malicious infrastructures linked to almost 88,000 victims  of targeted high-impact online crimes, including ransomware, scams, and business email compromise (BEC).

Notably, law enforcement authorities in Angola shut down 25 illegal cryptocurrency mining sites operated by 60 Chinese nationals while also commandeering 45 unauthorized power stations feeding these operations. In addition, officers also confiscated IT and mining machinery worth over $37 million.

Meanwhile, in Zambia, officials uncovered a massive crypto investment fraud with 65,000 victims and $300 million in total losses. The operation led to 15 arrests, alongside the seizure of domains, SIM cards, and bank accounts tied to the scam, which had promised investors sizable returns. Notably, another sting in Lusaka disrupted a suspected human-trafficking network, where 372 forged passports of seven countries were confiscated.

Interpol also reports that the Ivorian police dismantled a cross-border inheritance scam believed to originate in Germany. Unsuspecting victims were deceived to pay fees for fake inheritance claims, generating around $1.6 million in illicit gains. The primary suspect in this case has been detained while authorities seized cash, jewelry, and vehicles, among other valuables.

Commenting on the successful Serengeti 2.0 operation, Interpol’s Secretary General, Valdecy Urquiza, emphasized the importance of cooperation in amplifying results:

Urquiza said:

Each INTERPOL-coordinated operation builds on the last, deepening cooperation, increasing information sharing, and developing investigative skills across member countries. With more contributions and shared expertise, the results keep growing in scale and impact

Operation Serengeti 2.0 was conducted under the African Joint Operation Against Cybercrime with other participating nations, including Nigeria, Rwanda, South Africa, etc. Meanwhile, private partners of this operation are TRM Labs, Trend Micro, and Team Cypru, among others.

Crypto Market Overview

At the time of writing, the global cryptocurrency market capitalization stands at $3.95 trillion, reflecting a 3.87% increase over the past 24 hours. Daily trading volume has climbed to $157.12 billion, signaling heightened activity across major tokens. Market leader Bitcoin is currently priced at $115,811, while Ethereum trades at $4,700, both maintaining strong momentum amid broader market gains.

Total crypto market cap valued at $3.94 trillion on the daily chart | Source: TOTAL chart on Tradingview.com

 Featured image from Interpol, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 23, 2025 0 comments
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Crypto Trends

Russia’s War On Illegal Mining Heats Up With Bitcoin Seizures

by admin June 4, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A former electric‐grid executive in Russia has lost roughly ₽7 million (about $88,570) in Bitcoin after law enforcement agents seized his stash.

According to a press release from the Investigative Committee for the Amur Oblast, the man—once in charge of technological connection services at the Far Eastern Distribution Company—used his inside knowledge to tap the grid and run mining rigs in his own home.

He allegedly bypassed a metering device in 2024, stealing more than ₽3.5 million (around $44,334) worth of electricity to mine about 0.8414 BTC.

The operation came to light when officers from Russia’s main federal investigating body, working with the Federal Security Service, raided his property and took control of his digital wallet.

Details Of The Raid

Based on reports from the Amur branch of the Far Eastern Distribution Company, investigators tracked unusual power usage at the former executive’s residence.

They say he made an illegal connection to his employer’s grid facilities and hid the extra load from meters. When agents moved in, they found multiple mining rigs set up in his residential building. Those machines had already produced roughly 0.8414 BTC, which was valued at about ₽7 million at the time of seizure.

BTC is now trading at $105,798. Chart: TradingView

Electricity Theft And Mining

According to investigators, the man tapped into DRSC’s distribution network without permission. He avoided regular billing by rerouting power lines and tricking meters. Over time, this added up to more than ₽3.5 million in stolen electricity bills.

With that free power, he was able to mine Bitcoin in a space that looked like any other apartment. The press release noted that he used his role to both approve fake connections for others and skim electricity for himself.

In addition to crypto mining, officers discovered he had taken bribes from local business owners, who paid him to speed up approvals for power‐related documents.

Crypto mining requires a lot of energy, and thousands of specialized computers to run almost round the clock. Image: Christinne Muschi/Alamy

Legal Hurdles And Changes

Mining or holding Bitcoin has been tricky in Russia because the cryptocurrency doesn’t have clear legal status. Based on reports, this case moved forward because a draft law—made public in April—aims to let law enforcers treat crypto assets as intangible property in criminal cases.

If that bill becomes law, courts could more easily order the seizure of Bitcoin and other digital tokens. Until then, investigators have been relying on existing anti‐theft and anti‐corruption statutes to confiscate crypto, as seen when they nabbed $8.2 million worth of crypto from a Hydra darknet operator or seized 1,032 BTC (roughly $88.5 million at today’s rates) from a former SKR investigator found guilty of taking bribes in Bitcoin.

Broader Crackdown In Russia

This arrest is just one piece of a wider effort for Russia to clamp down on illegal crypto activity. Over the past year, Russian authorities have gone after darknet markets, insider traders hiding behind crypto deals, and anyone using hacks to steal electricity for mining.

Based on reports, federal agencies believe that tapping the grid for free power has become a common trick among local miners—especially in remote regions where oversight is weaker.

Featured image from Getty Images, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 4, 2025 0 comments
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