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Illegal Crypto Mining Farm Uncovered in State-Owned Enterprise in Western Ukraine

June 21 (Cointime) - The State Bureau of Investigation in Ukraine has discovered an illegal cryptocurrency mining farm in a state-owned enterprise in Lviv. The farm was being run by managers of a branch of the state-owned company Forests of Ukraine in Rava-Ruske, who had mined over $108,000 and consumed $41,000 worth of government resources.

The farm was set up over a year ago by the former and current directors of the branch, along with the chief accountant and other responsible individuals. The alleged masterminds have been arrested and charged with embezzlement of state property, and if convicted, could face up to 8 years in jail.

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