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

After public complaints, the Malaysian police closed a Bitcoin mining business and seized 1,720 Bitcoin mining machines during a major power theft crackdown. “The police inspected 75 locations around the area, 30 of which were found to be engaged in illegal Bitcoin mining activities and electricity theft.”

Malaysian authorities shut down Bitcoin mining operations

According to local media reports, the Malaysian police cracked down on a major power theft involving Bitcoin mining. Perak State Police Commissioner Datuk Miofalida Rashwahid said at a press conference held at the Manjung District Police Headquarters on Thursday that the crackdown was carried out after complaints from the public.

The Chief of Police pointed out that the operation involved the National Energy Corporation (TNB) and Sitiawan Fire and Rescue Station. He explained:

This operation is TNB’s biggest success this year.

He pointed out that according to TNB, the value of the stolen electricity was approximately 2 million ringgits (US$478,870).

The chief of police explained: “The police inspected 75 places around the area and found that 30 of them were engaged in illegal Bitcoin mining activities and electricity theft,” adding:

We seized 1,720 Bitcoin mining machines.

In addition, the police also seized “15 monitors, 22 central processing units (CPU), 16 keyboards, 7 mice, 56 modems and a laptop”. He added: “A Toyota Hilux, 44 exhaust fans, 5 alarms and 7 closed-circuit television (CCTV) cameras were also seized.”

Mior Faridalathrash explained that further investigations are ongoing to determine the mastermind behind the illegal Bitcoin mining activity and how long it lasted.

The police also arrested a 28-year-old Ayer Tawar property manager on suspicion of engaging in illegal bitcoin mining activities and stealing electricity. The chief of police pointed out:

The arrested man has been remanded for four days and is currently under investigation under Articles 379 and 427 of the Criminal Code and the Electricity Supply Act of 1990.

In July, the Malaysian authorities Completely destroyed 1,069 Bitcoin mining machines with road rollers. These coins were confiscated earlier this year.

What do you think of this case? Let us know in the comments section below.

Kevin Helms

As a student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.




Image Source: Shutterstock, Pixabay, Wikimedia Commons

Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.



Source link

Leave a Reply

Your email address will not be published.