• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Paraguayan Authorities Foil Crypto Mining Heist, Deport Suspects

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
Key Points:

  • Main event involves thwarted mining theft near Itaipu dam.
  • Three Chinese nationals deported post-arrest.
  • Local suspect detained and hospitalized critically.

paraguayan-authorities-foil-crypto-mining-heist-deport-suspects
Paraguayan Authorities Foil Crypto Mining Heist, Deport Suspects

Paraguay’s law enforcement effectively halted a planned theft targeting Teratech SA’s mining facility near the Itaipu dam. Noteworthily, this facility takes advantage of the region’s surplus power, a major incentive for mining operations.

Involved were three Chinese nationals and a Paraguayan. Chinese suspects deported upon arrest lacked official entry records, hinting at illegal entry. Meanwhile, prosecutor Irene Rolón indicated Velázquez Garcete, already detained, remains in critical condition.

The immediate impact on the local mining industry highlights the risks miners face. This facility, dependent on the dam’s energy, underscores regional vulnerabilities relating to physical security breaches.

Paraguay has been grappling with significant crypto-related crimes. Over $4 billion worth were connected to fraudulent schemes in recent years, indicating wider issues encompassing technological and legal aspects. “The suspects were caught breaking into a restricted area of the mining facility, indicating a targeted attempt to steal valuable mining hardware,” stated an anonymous source from local authorities.

Continued attacks may prompt increased security measures within Paraguay’s mining investments. Authorities suggest continued illegal activities require broader oversight.

Insights into this event might steer regulatory enhancements and technological improvements. Historical patterns suggest that stronger safeguards at critical infrastructure sites like hydro dams may become prevalent.

Related articles

EU MiCA Framework Reshapes Crypto Landscape

May 18, 2025

Willy Woo Highlights Bitcoin’s Declining CAGR Post-2020 Adoption

May 18, 2025


Share76Tweet47

Related Posts

EU MiCA Framework Reshapes Crypto Landscape

by shark
May 18, 2025
0

Increased regulatory oversight is underway as the EU's MiCA framework reshapes the cryptocurrency landscape, with full implementation set for 2025.

Willy Woo Highlights Bitcoin’s Declining CAGR Post-2020 Adoption

by shark
May 18, 2025
0

Bitcoin's CAGR drops since 2020, Willy Woo outlines the positive trend towards stable growth.

Meme Coins Surge Amid Bitcoin Stagnation

by shark
May 18, 2025
0

Dogwifhat spearheaded a meme coin rally, rebounding in May amid Bitcoin stability, drawing traders to high-risk altcoins.

Ripple’s XRP: Expert Predictions for 2025 Price Surge

by shark
May 18, 2025
0

Ripple (XRP) has seen a 15% rise this month, sparking discussions about its potential to reach $10 by 2025.

Metaplanet Reports Record Q1 Revenue and Bitcoin Holdings Boost

by shark
May 18, 2025
0

Metaplanet sees record $6M Q1 revenue with a significant growth in Bitcoin holdings.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • EU MiCA Framework Reshapes Crypto Landscape
  • Willy Woo Highlights Bitcoin’s Declining CAGR Post-2020 Adoption
  • Meme Coins Surge Amid Bitcoin Stagnation
  • Ripple’s XRP: Expert Predictions for 2025 Price Surge
  • Metaplanet Reports Record Q1 Revenue and Bitcoin Holdings Boost
  • Phantom Launches Liquid Staking Token PSOL on Solana
  • Avalanche Network Hits Record Transactions and Addresses
  • Dubai Memecoin Creator Faces Scrutiny Over Alleged Rug Pulls
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7