Kuwait Launches Investigation into 31 Illegal Crypto Mining Cases

Authorities in Kuwait are actively investigating illegal cryptocurrency mining operations, targeting 116 suspects and over 59 properties suspected of illicit activity. The investigation aims to protect the country’s valuable power resources and is being overseen by Kuwait’s Public Prosecution, which is led by high-ranking government officials. The crackdown on illegal crypto mining has included arrests and property raids, where electricity was disconnected in implicated locations. This action emphasizes a commitment to safeguarding national assets and deterring unlawful practices. 116 suspects have been identified as part of this investigation. The Public Prosecution is taking measures to address the issue, with fines and asset seizures being potential consequences for those found guilty.