A former electricity executive in Russia has been caught illegally mining cryptocurrency, resulting in the confiscation of over $88,570 worth of Bitcoin. Authorities confiscated the crypto assets as part of a crackdown on unauthorized power usage for illegal mining operations. This seizure highlights Russia’s efforts to address illegal cryptocurrency mining, and its implications are felt across energy sectors. The operation involved collaboration between the Federal Security Service and the Investigative Committee. The former executive bypassed metering devices to access electricity illegally, leading to financial losses for both energy companies and utility companies.