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 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 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 Fireplace and Rescue Station, the police chief defined:

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

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

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“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.

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As well as, “15 screens, 22 central processing models (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 carried out to determine 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 beneath 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 within the feedback part beneath.

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Kevin Helms

A pupil 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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