Market

The Malaysian police seized 1,720 Bitcoin miners to steal electricity

Local media reported that the Malaysian police had taken action against a major electricity theft related to Bitcoin mining.

Perak state police chief Datuk Mior Faridalathrash Wahid said at a press conference Thursday (December 30) at Manjung District Police Department that the raid was carried out because of public complaints. The sheriff stated:

“This is an activity that Tenaga Nasional Berhad (TNB) is involved in – a Malaysian multinational energy company and the largest fire and rescue station of the year in Sitiawan.”

He found that the electricity theft was worth around RM 2 million ($ 478,870).

“Police inspected 75 facilities in the county, and 30 of them were involved in illegal bitcoin mining activities and electricity stolen.

We confiscated 1,720 Bitcoin miners along with 15 monitors, 22 CPUs, 16 keyboards, 7 mice, 56 network modems and 1 laptop. A Toyota Hilux, 44 exhaust fans, 5 alarm systems and 7 surveillance cameras were also confiscated.

Faridalathrash says the investigation is still ongoing to identify the mastermind behind the illegal Bitcoin mining and how long it has been going on.

Malaysian police also arrested a 28-year-old caretaker in Ayer Tawar on suspicion of engaging in illegal bitcoin mining activities and involvement in electricity stealing.

“The arrested man has been in custody for four days and is under investigation under Sections 379 and 427 of the Criminal Code and the 1990 Electricity Act.”

In July, Malaysian authorities also completely destroyed 1,069 Bitcoin miners worth around $ 1.26 million.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.