Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown
Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises around the district...
Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises around the district and 30 of them were found to be carrying out illegal bitcoin mining activities and stealing electricity.”
Malaysian Authorities Shut Down Bitcoin Mining Operation
Malaysian police have cracked down on a major electricity theft case involving bitcoin mining, local media reported. Perak police chief Datuk Mior Faridalathrash Wahid said at a press conference Thursday at the Manjung district police headquarters that the crackdown was carried out following public complaints.
Noting that the operation involved the Tenaga Nasional Berhad (TNB) and the Sitiawan Fire and Rescue Station, the police chief explained:
This operation is the biggest success with TNB this year.
He noted that according to the TNB, the theft of electricity was worth about RM2 million ($478,870).
“Police inspected 75 premises around the district and 30 of them were found to be carrying out illegal bitcoin mining activities and stealing electricity,” the police chief explained, adding:
We seized 1,720 bitcoin mining machines.
In addition, “15 monitors, 22 central processing units (CPUs), 16 keyboards, seven mice, 56 modems, and a laptop” were also seized, the police chief detailed. He added: “Also seized was a Toyota Hilux, 44 exhaust fans, five alarms, and seven closed-circuit television (CCTV) cameras.”
Mior Faridalathrash explained that further investigation is being conducted to identify the mastermind behind the illegal bitcoin mining operation and establish how long it has been going on.
The police also arrested a 28-year-old caretaker of the premises in Ayer Tawar on suspicion of carrying out illegal bitcoin mining activities and being involved in stealing electricity. The chief of police noted:
The arrested man was remanded for four days and is being investigated under Sections 379 and 427 of the Penal Code and the Electricity Supply Act 1990.
In July, Malaysian authorities completely destroyed 1,069 bitcoin mining machines with a steamroller. The coins were confiscated earlier this year.
What do you think about this case? Let us know in the comments section below.
Original source
Read on Bitcoin NewsRelated market context
Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse
The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history t...
Hungary Reverses Crypto Crackdown, CFTC Proposes Prediction Market Rules, and Anthropic AI Jailbroken in 48 Hours
Hungary decriminalises crypto trading after EU scrutiny, CFTC proposes prediction market rules, and Anthropic's AI jailbroken in 4...
Bitcoin Mining Cost Model Points To $47,000 Floor, But Analysts Urge Caution
TL;DR Crypto Rover says Bitcoin has never bottomed below electrical production cost, currently estimated at $47,000. Mining-cost m...
Bitcoin Mining Difficulty Set for Steep Drop as Hashrate Slides After Price Crash
Bitcoin’s mining difficulty is on track for the second-largest downward adjustment this year, offering a reprieve to miners after...
Crypto Laundering Network Linked To Ransomware Gangs Dismantled By Law Enforcement
TL;DR Chainalysis says law enforcement has dismantled AudiA6, a crypto laundering network linked to ransomware and darknet activit...
UK armed forces intercept Russian shadow fleet in Channel, exposing crypto-powered sanctions evasion
The interception of Russia's shadow fleet highlights the evolving complexity of sanctions evasion, underscoring crypto's role in g...