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Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown

Cryptocurrency

By Yes Mobile

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Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown

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 significant electrical energy theft crackdown following public complaints. “Police inspected 75 premises across the district and 30 of them had been discovered to be finishing up unlawful bitcoin mining actions and stealing electrical energy.”

Malaysian Authorities Shut Down Bitcoin Mining Operation

Malaysian police have cracked down on a significant electrical energy theft case involving bitcoin mining, native media reported. Perak police chief Datuk Mior Faridalathrash Wahid mentioned at a press convention Thursday on the Manjung district police headquarters that the crackdown was carried out following public complaints.

Noting that the operation concerned the Tenaga Nasional Berhad (TNB) and the Sitiawan Fireplace and Rescue Station, the police chief defined:

This operation is the most important success with TNB this yr.

He famous that in accordance with the TNB, the theft of electrical energy was price about RM2 million ($478,870).

“Police inspected 75 premises across the district and 30 of them had been discovered to be finishing up unlawful bitcoin mining actions and stealing electrical energy,” the police chief defined, including:

We seized 1,720 bitcoin mining machines.

As well as, “15 screens, 22 central processing items (CPUs), 16 keyboards, seven mice, 56 modems, and a laptop computer” had been additionally seized, the police chief detailed. He added: “Additionally seized was a Toyota Hilux, 44 exhaust followers, 5 alarms, and 7 closed-circuit tv (CCTV) cameras.”

Mior Faridalathrash defined that additional investigation is being performed to establish the mastermind behind the unlawful bitcoin mining operation and set up how lengthy it has been happening.

The police additionally arrested a 28-year-old caretaker of the premises in Ayer Tawar on suspicion of finishing up unlawful bitcoin mining actions and being concerned in stealing electrical energy. The chief of police famous:

The arrested man was remanded for 4 days and is being investigated below Sections 379 and 427 of the Penal Code and the Electrical energy Provide Act 1990.

In July, Malaysian authorities fully destroyed 1,069 bitcoin mining machines with a steamroller. The cash had been confiscated earlier this yr.

What do you consider this case? Tell us in the feedback part under.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.

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