BlockchainCryptocurrencyCryptocurrency MiningNewsWeb3

A Hidden Crypto Mine Revealed During a High school inspection

A report coming from the United States says that a secret cryptocurrency mining site has been discovered by the school inspection team. After missing a court hearing, a former municipal employee from Cohasset, Massachusetts, suspected of stealing electricity worth thousands of dollars to power a covert cryptocurrency mine in a school’s crawlspace, is now on the run.

The story has it that the authorities grew suspicious when the suspect failed to appear in court and was nowhere to be found. The Cohasset Middle/High School director conducted a regular check-in in December 2021 and found illegal bitcoin mining activity. The investigation was started after the director discovered electrical lines, makeshift ductwork, and multiple computers that seemed out of place.

Police discovered a sophisticated mining operation concealed behind a false wall in a crawl space. Using top-of-the-line computers and specialized mining technology, the enterprise was set up to mine different cryptocurrencies, such as BTC, ETH, and Litecoin.

The suspect, a former town employee, allegedly used the school’s electricity to power the mining operation, resulting in significant damage to the electrical infrastructure of the building and high electricity bills for the school.

📰 Also read:  There Is a Possibility That Politicians Are Utilising Cryptocurrency to Influence Elections in the United States

How it Started 

Concerns have been expressed regarding the necessity for more robust security precautions to safeguard public buildings from such operations since the uncovering of the illegal bitcoin mining operation.

Mining for cryptocurrencies uses a lot of resources, which might harm structures and increase electricity costs. The report says that the suspect was arrested and charged with theft and deliberate destruction of property but refused to appear in court, forcing the police to issue a warrant to arrest him.

The police department is pleading with anyone who knows where the suspect is to come forward. The incident has also sparked debate regarding the necessity of tighter regulation of public facilities and the significance of regular inspections to stop unlawful activity from getting unreported.

In response to the discovery, the school has reviewed and updated its security protocols to prevent similar incidents from occurring in the future. On the other hand, authorities continue to investigate the case and are working to ensure that justice is served.

📰 Also read:  German MP Cotar Advocates Bitcoin Against Digital Euro Push

Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Bitcoin Rises as Tech Earnings Disappoint and ETFs Attract Inflows

Brenda Collins

Brenda Collins is a seasoned crypto news writer with a deep passion for blockchain technology and its transformative potential. With years of experience in the industry, she has honed her skills in delivering concise and insightful analysis, making complex concepts accessible to a wide audience. Brenda's dedication to staying up-to-date with the latest developments in the crypto world ensures her readers receive accurate and timely information.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content