Ukrainian power plant officials accused of unauthorised cryptocurrency mining

by Osiris Team

Posted on Aug. 22, 2019, 2:25 p.m.
Time to read: 2 min

SBU (Security Service of Ukraine) detectives have discovered a cryptocurrency mining operation at one of the nation’s nuclear power plants. The agency has reason to believe that it was officials at the facility that had installed the unauthorised hardware.

The SBU alleges that the internet connection installed to facilitate the mining operation posed a significant security risk to the power plant. A local court said confidential data about the plant’s operation has also been leaked online.

Officials at the Yuzhoukrainsk nuclear power plant in the Ukraine appear to have been seduced by the potential profitability of mining cryptocurrency using power stolen from their own facility.

According to a report in domestic news publication Unian, computer equipment was seized on two separate investigations of the site in the city of Yuzhoukrainsk to the south of the nation of Ukraine.

A local court has recently stated that the nuclear power facility’s security has been jeopardised by the suspected actions of the officials. The plant’s systems were supposed to remain offline. However, in order to successfully mine cryptocurrency, those behind the scheme were forced to install a connection.

All over the world, cryptocurrency miners are attracted to cheap electricity. Operations have setup shop in Iceland, thanks to its near-endless geothermal energy; Canada, as a result of the abundant reserves of hydroelectricity there, and Iran, where until recently subsidised energy made mining for Bitcoin and other cryptocurrencies a lucrative pursuit. In 2018, a group of Russian nuclear scientists engaged in a similar plot to use top-secret facilities to mine Bitcoin.

Related links:
Source Russian nuclear scientists mining Bitcoin at work back in 2018
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