South Korean police arrested 14 people from 13 companies for illegally using cheap electricity to mine cryptocurrencies at industrial complexes.
Mining activities were taking place in four different complexes in the city of Gwangju. Illegal miners had 10 percent lower electricity costs compared to companies in general areas, as well as lower rents.
From 100 to 350 mining devices were installed by each company; mining process started since May 2017.
Six companies were located in
This isn't the first time miners are suspected in illegal using of subsidized electricity in public or office areas in the country. August 2017, an electronics retail marketplace in South Korea reportedly took the unusual step of outlawing vendors from mining bitcoin in their stores.