Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin on School Campus Crawlspace – Bitcoin News

Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin on School Campus Crawlspace – Bitcoin News

A former Cohasset, Mass., school assistant principal has been accused of running a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to run the crypto mining scheme.

Former Cohasset school employee charged with power theft in crypto mine at school

A report published by Boston’s WCVB network claims that Nadeam Nahas, a former school employee in Cohasset, Massachusetts, stole electricity from the district to mine cryptocurrency. Nahas is accused of setting up the operation at Cohasset High School’s crawl space, where several computers, ventilation units and connected wires were found.

Former Cohasset High School employee accused of stealing thousands in electricity to mine Bitcoin at school campus Crawlspace
Photograph of the ASIC miners confiscated by the Cohasset Police Department.

Photographs taken by the Cohasset Police Department show that the mining equipment appears to be application-specific integrated circuit (ASIC) mining rigs, possibly used for bitcoin mining. Police accuse Nahas of secretly mining cryptocurrency for eight months on the school’s campus, and the city’s IT director discovered the operation was a cryptomining operation.

Investigators, Cohasset police and members of the Department of Homeland Security were involved and removed the miners from the high school’s crawl space. The investigation lasted three months, and investigators estimate that approximately $17,492 in electricity was stolen.

Nahas is one of many people accused of stealing electricity to mine cryptocurrencies over the years. For example, in 2021, Malaysia seized 1,720 bitcoin mining machines during an electricity theft.

Law enforcement officials in Malaysia revealed last year that they had arrested more than 600 people for stealing electricity to mine cryptocurrency in the previous two years. In 2020, a kennel owner in China was arrested for stealing power to run a bitcoin mining farm.

See also  USD index begins to move towards highs again, Société Générale economists say pullback towards 114.8 peak "is not out of the question" - Finance Bitcoin News

In Rotterdam, the Netherlands, two brothers were arrested in 2016 for stealing electricity to mine bitcoin and grow cannabis. WCVB reporter William Bennett reports that Nahas faces charges of school vandalism and fraudulent use of electrical resources.

Nahas is scheduled to appear in Quincy District Court for impeachment on February 23, 2023. According to Bennett, the accused former Cohasset school employee declined to comment on the case when reached by phone.

Tags in this story

Arraignment, ASIC, Bitcoin, Bitcoin (BTC), Bitcoin (BTC) Mining, Blockchain, Charges, Cohasset, Cohasset Mining, Cohasset Police Department, Criminal Activity, Cryptocurrency, Department of Homeland Security, Digital Assets, Electricity Theft, Energy Consumption, Facilities Director, fraud , high school , illegal activity , investigation , IT , law enforcement , Massachusetts , mining , Nadeam Nahas , technology , vandalism , WCVB , William Bennett

What do you think of the former school employee accused of stealing electricity to mine cryptocurrency in the Cohasset High School basement? Share your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is directly or indirectly responsible for damages or losses caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *