Bitcoin News
By Maheen Hernandez
1 / 15
Suspicious Activity Investigation. The scheme came to light after staff at one of the care homes noticed unusually slow internet…
2 / 15
Details of the Mining Setup. Investigations revealed that the suspects had connected the mining rigs to both the care homes’…
3 / 15
Arrests and Charges. The two men were arrested on September 5 in Mong Kok and Sham Shui Po.
4 / 15
Broader Implications of Crypto Mining. The incident underscores some of the hidden risks associated with cryptocurrency mining.
5 / 15
Lessons for Organizations and Individuals. Experts say that businesses, public institutions, and residential property managers should remain…
6 / 15
Investigation Continues. The Hong Kong Police Department is continuing its investigation to determine if there are any…
7 / 15
Two technicians in Hong Kong were arrested this week after authorities discovered that they had set up a covert cryptocurrency mining operation inside care homes for the disabled.
8 / 15
The unusual case has raised concerns about the misuse of public resources and highlighted the hidden costs associated with cryptocurrency mining.
9 / 15
The scheme came to light after staff at one of the care homes noticed unusually slow internet speeds and unexpected spikes in electricity costs.
10 / 15
Police reports cited by the South China Morning Post reveal that the two men, aged 32 and 33, installed a total of eight mining devices in the suspended ceilings of two office…
11 / 15
Inspector Ng Tsz-wing, from Sham Shui Po’s technology and financial crime squad, explained that the first report came in on September 4 from the Sham Shui Po care home.
12 / 15
The mining devices reportedly ran continuously, converting stolen electricity into cryptocurrency without the knowledge of care home administrators.
13 / 15
The two men were arrested on September 5 in Mong Kok and Sham Shui Po. They are charged with “abstracting electricity,” a crime under Hong Kong’s Theft Ordinance.
14 / 15
Authorities noted that the case appears to be isolated, with no evidence linking the suspects to a wider criminal network.
15 / 15
“The public should also pay closer attention to electricity bills or network usage and make relevant checks, notifying the police if they find suspicious activity,” he added.
The Currency Analytics
Want the full story?