Langsung ke konten utama

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 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.



source https://news.bitcoin.com/malaysia-seizes-1720-bitcoin-mining-machines-electricity-theft-crackdown/

Komentar

Postingan populer dari blog ini

Barry Silbert Resigns as Chairman of Grayscale Investments

Digital Currency Group (DCG) founder Barry Silbert has resigned from his position as the chairman of Grayscale Investments. Current DCG chief financial officer Mark Shifke succeeds Silbert and is joined by Edward McGee and Matthew Kummell as members of the new look board. Preparing for Grayscale’s Next Chapter Barry Silbert, the founder and CEO of Digital Currency Group, has resigned from his position as chairman of the digital asset management company Grayscale and will be replaced by Mark Shifke. According to the company’s filing with the Securities and Exchange Commission (SEC), starting Jan. 1, 2024, Grayscale’s board will be composed of Mark Shifke, Matthew Kummell, and Edward McGee. Current Grayscale Investments CEO Michael Sonnenshein is also a board member, while Mark Murphy, the president of Digital Currency Group (DCG), departs alongside Silbert. Commenting on the changes to the board, an unidentified Grayscale spokeswoman reportedly said: “Grayscale and our investors ...

Bitcoin 2024: Ten Months in Review, Key Milestones, and Expert Predictions for Year-End

As of Nov. 11, 2024, bitcoin (BTC), the undisputed crypto heavyweight, has enjoyed a phenomenal year. Over the last ten months, it has been breaking records across the board. From hashrates to daily transaction peaks, price surges, and making an impact in non-fungible tokens (NFTs) and decentralized finance (defi), BTC has been on a non-stop […] source https://news.bitcoin.com/bitcoin-2024-ten-months-in-review-key-milestones-and-expert-predictions-for-year-end/

Cryptoquant CEO: US Strategic Bitcoin Reserve Adoption Unlikely Amid Economic Strength

Since Donald Trump was elected the 47th President of the United States, bitcoin advocates have faced skepticism about whether his administration and the forthcoming Congress would introduce a strategic bitcoin reserve. Cryptoquant CEO: ‘Bitcoin Standard’ Needs U.S. Economic Decline to Gain Traction Ki Young Ju, CEO of Cryptoquant, took to social media to voice his […] source https://news.bitcoin.com/cryptoquant-ceo-us-strategic-bitcoin-reserve-adoption-unlikely-amid-economic-strength/