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The Coin Rise 2025-05-18 21:30:55

Paraguay Police Busts Crypto Mining Theft Near Itaipu Dam

Paraguay Police Busts Crypto Mining Theft Near Itaipu Dam

Paraguayan police have stopped an attempted theft at a crypto mining site near the Itaipu hydroelectric dam. The operation led to one arrest and the deportation of three foreign nationals. This event, still under investigation, has raised new concerns about security in areas rich in energy and crypto activity. Attempted Break-In at Teratech Mining Site Four individuals reportedly broke into a restricted area of Teratech SA’s crypto mining site in Coronel Bogado on May 15. Local police acted fast and stopped the suspects before they could run away. Prosecutor Irene Rolón, who is in charge of the case, confirmed that the event happened and that the investigation is still ongoing. Three of the suspects are Chinese nationals: Jinping Duan, Tian Jianyun, and Zheng Guanglong. Authorities found no official records of their entry into Paraguay. Investigators believe they may have entered illegally through Brazil or Bolivia. All three have now been deported. The fourth suspect, Nahun María Velázquez Garcete, is a Paraguayan citizen. He was seriously injured and hospitalized before being placed in pretrial detention. He is facing charges of aggravated theft. Authorities believe the group may have previously worked as independent contractors at Teratech. However, this has not been confirmed. Prosecutors are waiting for a statement from Teratech’s CEO. The undocumented individuals claimed to be programmers and may have been in the area for months. However, their connections to the crypto facility are still unclear. The investigation is still open, and officials suspect more people could be involved. More Crypto Mining Now Uses Clean Energy The Itaipu dam is one of the biggest hydroelectric plants in the world. It offers cheap electricity, which makes Paraguay a good place for crypto mining. However, this recent incident shows that important places like this need better security. At the same time, the Bitcoin mining industry is changing. A study from Cambridge University shows that 52.4% of Bitcoin mining now uses clean energy, higher than 37.6% in 2022. 42.6% of the clean energy comes from wind and water, while another 9.8% comes from nuclear power. Natural gas is now the top source of energy for Bitcoin mining , rising from 25% in 2022 to 38.2%. In 2021, US Senator Ted Cruz shared that mining Bitcoin with natural gas could be an avenue to generate In comparison, Coal use has decreased, from 36.6% in 2022 to just 8.9% now. The U.S. Leads the Way in Crypto Mining When China banned crypto mining in 2021, the U.S. became the dominant force in the sector. A January report shows that the country controls over 40% of the global hashrate . The election of pro-crypto President Donald Trump has also raised hopes for the industry. However, events like Paraguay show that good rules and strong security are needed as crypto mining keeps growing. The post Paraguay Police Busts Crypto Mining Theft Near Itaipu Dam appeared first on TheCoinrise.com .

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