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"Panic as Kosovo pulls the plug on its energy-guzzling bitcoin miners"

2022-01-04 [vendor] Kosovo temporarily bans crypto mining
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Incident Details

Energy shortages and rolling blackouts plagued Kosovo towards the end of 2021, leading the Kosovan government to issue a 60-day state of emergency to address the crisis. The emergency authorization promised to identify and shut down any cryptocurrency mining. Kosovo has attracted cryptocurrency miners because it has some of the cheapest electricity prices in Europe, largely due to government subsidies and the availability of lignite (the lowest grade of coal, which is extremely harmful to the environment). Much of the mining takes place in the northern portions of the country, which do not recognize the Kosovan government and so have not paid for electricity at all in more than 20 years.

Technical Details

Vendor / Product
Kosovo temporarily bans crypto mining

Timeline

  1. 2022-01-04 Breach occurred
  2. 2022-01-04 Publicly disclosed