TL;DR Breakdown • Naples financed crypto mining machines with taxpayer funds.• BTC’s clandestine farm caused Suffolk County in New York to lose about $6,000 in electricity payments. The attorney general charged a New York-based IT supervisor of mining crypto using taxpayer dollars. The information technology supervisor used his clients’ money to buy the BTC mining devices. American Christopher Naples had over 40 crypto mining devices hidden in Riverhead, Suffolk County. At least 10 devices were activated in February, and the rest went into operation in the months before his arrest. Naples paid about $6,000 for electricity in the short time he worked at the makeshift crypto mining farm. Christopher Naples’s BTC mining case Suffolk County prosecutor Timothy Sini led the case and officially charged Naples with theft, corruption, and money laundering. If sufficient evidence is found, Christopher Naples could spend more than a decade in prison. Prosecutor Sini said that crypto mining with BTC needed a lot of energy, and workers have to look for money to cover it. Naples caused the county to lose more than $6,000 in electricity bills since the February power-on and could have increased that debt if the farm was not promptly discovered. In addition, the IT supervisor stole a good deal of money from the taxpayers he worked with. Secretary of State Janet Yellen seized the moment to call BTC trading illegal, and she ...
