Skip to main content

Tripoli Court Sentences Nine Defendants for Illegal Crypto Mining at Zliten Iron Factory

Tripoli Court Sentences Nine Defendants for Illegal Crypto Mining at Zliten Iron Factory

Tripoli Court Sentences Nine Defendants to Three Years in Prison for Illegal Crypto Mining at Zliten Iron Factory

Legal News • Crypto Crime
Tripoli courtroom crypto mining case

The Tripoli Court of Appeal has sentenced nine individuals to three years in prison after they were found guilty of illegally exploiting state-owned equipment at the Zliten Iron Factory to mine cryptocurrencies, including Bitcoin.

Authorities discovered that the defendants had covertly used factory machinery and power infrastructure to operate mining hardware, resulting in significant financial losses for the state-owned facility.

Ordered to Return Illegally Obtained Funds

In addition to the prison sentences, the court ruled that all nine defendants must return the profits generated from the unauthorized mining activity. The ruling emphasized that public-sector equipment and utilities were unlawfully used to generate private profits.

How the Crypto Mining Operation Worked

According to investigative reports, the group installed specialized mining devices inside the industrial site, taking advantage of the factory’s high electrical capacity and operational privacy. Prosecutors argued that this amounted to deliberate misuse of public funds and infrastructure.

  • Mining devices were hidden within factory sections not monitored daily
  • Electricity usage increased sharply, triggering internal suspicion
  • Technicians detected abnormal power readings during routine maintenance

Libya Increasing Oversight on Crypto Activities

Libyan authorities have been tightening restrictions on unauthorized cryptocurrency mining due to concerns over energy theft, financial crimes, and misuse of public-sector assets. This case marks one of the strongest legal responses yet.

The ruling signals a clear message: the state will not tolerate exploitation of national infrastructure for private crypto mining operations.

Comments

Popular posts from this blog

Create a Paysera Account (Step-by-Step): IBAN, Card, Fees & Verification Create a Paysera Account (Step-by-Step): IBAN, Card, Fees & Verification Open your account, complete KYC, access your IBAN, order a card, and set strong security—everything you need to get started with Paysera. Create, verify, and secure your Paysera account to access IBAN transfers and card payments. Key takeaways Fast onboarding: Sign up, confirm email/phone, and complete KYC to unlock features. IBAN access: After verification, find your IBAN in the app/web and receive SEPA transfers (where supported). Card options: Order a physical/virtual card (availability varies by country); control limits and regions in-app. Contents 1) Create Your Account 2) Comp...
WLFI Digital Currency: What World Liberty Financial Means for Crypto & DeFi WLFI Digital Currency: What World Liberty Financial Means for Crypto & DeFi A plain-English guide to WLFI—its goals, potential DeFi integrations, governance angles, and the opportunity and risk profile for crypto users. Details of the WLFI digital currency that will be launched by former US President “Donald Trump” Key takeaways: WLFI (World Liberty Financial) is a digital-asset initiative connected to a broader DeFi ecosystem. Possible liquidity programs , governance proposals , and fee-sharing structures are being discussed. Impact could reach Bitcoin (BTC) , Ethereum (ETH) , and stablecoins if integrations succeed. Risks remain: volatility, regulation, and smart-contract vulnerabilities . ...
FTX/Alameda Wrapped Tokens on Solana Are No Longer Redeemable: What It Means for soBTC & soETH FTX/Alameda Wrapped Tokens on Solana Are No Longer Redeemable: What It Means for soBTC & soETH A quick, clear explainer on how wrapped-token redemption works, what changed after FTX/Alameda’s collapse, and practical steps to reduce risk. When backing fails, wrapped tokens can lose redemption and deviate from their peg. Key takeaways Wrapped tokens like soBTC and soETH relied on redemption backing tied to FTX/Alameda. After bankruptcy, redemption mechanisms ceased , causing price dislocations on Solana. Holders should evaluate liquidity, contract risk, and official notices before acting. Contents What Happened Wrapped ...