East China’s Zhejiang province busts dozens of state-owned entities for mining cryptocurrency

An internet authority in East China’s Zhejiang province has identified in July 4,699 IP addresses in the province that were involved with cryptocurrency mining, and among them 183 addresses were related to 78 state-owned entities, according to a Tuesday article published on the website of China’s Central Commission for Discipline Inspection (CCDI), the country’s anti-corruption watchdog.

  • In September, authorities in Zhejiang formed four joint inspection teams to randomly raid 20 state-owned entities with 36 IP addresses, and the on-site inspections found that 14 of the entities were taking the initiative to mine crypto.
  • Additionally, the inspections found that a total of 34 state-owned entities took the initiative to mine crypto, while 32 entities were forced to mine as their computers or internet devices were infected with Trojans, according to the CCDI article.

Continue reading