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


Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a serious electrical energy 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 serious electrical energy theft case involving bitcoin mining, native media reported. Perak police chief Datuk Mior Faridalathrash Wahid stated 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 Fire and Rescue Station, the police chief defined:

This operation is the largest success with TNB this yr.

He famous that in response to the TNB, the theft of electrical energy was value 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 defined, including:

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” had been additionally 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 defined that additional investigation is being performed to determine the mastermind behind the unlawful bitcoin mining operation and set up how lengthy it has been occurring.

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 underneath Sections 379 and 427 of the Penal Code and the Electricity Supply Act 1990.

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

What do you concentrate on this case? Let us know within 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 methods, community results and the intersection between economics and cryptography.

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