Paraguay deports three undocumented immigrants after crypto mining theft attempt
Paraguayan law enforcement has deported three individuals and arrested another for attempting to steal crypto miners at a facility near the country’s Itaipu hydroelectric dam.According to a May 15 statement from Paraguay...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Paraguayan law enforcement has deported three individuals and arrested another for attempting to steal crypto miners at a facility near the country’s Itaipu hydroelectric dam.
According to a May 15 statement from Paraguayan prosecutor Irene Rolón, the men were caught by police soon after breaking into a locked section of Teratech SA’s facility in Coronel Bogado, leading to their arrest.
Prosecutors believe the men may have had ties to Teratech as independent contractors, but are still waiting on official confirmation from the company’s CEO.
The three deported were Chinese nationals Jinping Duan, Tian Jianyun and Zheng Guanglong, who did not have official entry records into the country. Paraguayan authorities and Interpol believe the men illegally entered through Brazil or Bolivia.
The three deported Chinese nationals pictured before leaving the country. Source: PDS Radio Y TV Digital
The other person arrested, Nahun María Velázquez Garcete, is a legal resident in Paraguay but is believed to be part of a criminal organization.
He has been charged with aggravated theft and is currently in pretrial detention.
The arrested individual was hospitalized in critical condition soon after the arrest, but the injuries sustained weren’t disclosed.
Paraguayan officials believe other individuals were involved in the attempted theft and are working to identify those people. As such, the case is still under investigation.
Deportees may have been working illegally for monthsRolón believes the undocumented immigrants had been in Paraguay for several months and had come to work as programmers. However, it isn’t clear whether that work was performed for the company.
Paraguayan officials are waiting on a report from Teratech’s CEO to determine the exact nature of his relationship with the three men.
Related: Bitcoin miner Hive taps Paraguay for low-cost energy partnership
Paraguay is considered well-suited for crypto mining operations due to its abundant renewable energy resources, much of which is underutilized.
The Itaipu dam has become a popular site for miners to set up, as it supplies all of Paraguay’s local electricity needs and leaves a large amount of excess electricity to tap into.
Magazine: Korea to lift corporate crypto ban, beware crypto mining HDs: Asia Express
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
US government moves 17,795 Bitcoin worth $1.5 billion in three days
The movement of such a large Bitcoin reserve by the US government could influence market dynamics and investor sentiment significa...
From Bitcoin Mining to Global Banking, Bhutan Eyes Abu Dhabi
On Thursday, DK Bank, Bhutan’s fully digital bank, announced it had secured preliminary regulatory approval to establish a financi...
Is the UK Becoming One of the World’s Most Hostile Crypto Tax Jurisdictions?
In UK crypto news, the island nation is combining planned automatic crypto reporting across 52 jurisdictions with separate proposa...
Glamsterdam Upgrade: Sepolia Blocks Leave Most of Ethereum’s New Gas Capacity Unused
Ethereum’s Glamsterdam upgrade has raised Sepolia’s block-gas limit from about 60 million to nearly 200 million, giving developers...
US government moves $470 million in seized crypto to Coinbase wallets, raising Bitcoin sale questions
The US government moved about $470 million in seized crypto to likely Coinbase Prime addresses, according to Arkham, reviving ques...
Russia’s Sberbank Given Green Light to Custody Bitcoin
Bitcoin Magazine Russia’s Sberbank Given Green Light to Custody Bitcoin Russia’s largest bank has announced it is the first in the...