Multiple Bitcoin mining operations disguising as simple shophouses have been shut down by Malaysian officials in a series of raids. Over 400 Bitcoin mining machines have been seized by the authorities. The total cost of these mining equipments is around RM180,000. That works out to $43,800 in total. The raids took place in Penang''s George Town.
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Call it a crypto crackdown — literally. Malaysian authorities seized 1,069 bitcoin mining rigs, laid them out in a parking lot at police headquarters, and used a steamroller to crush them, as part of a joint operation between law enforcement in the city of Miri and electric utility Sarawak Energy.
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But per a report from Malaysia media outlet The Star, it was the police in the city of Miri in Malaysia’s Sarawak state that was deposing a total of 1,069 bitcoin miners seized from a recent crackdown on an electricity theft. Read Also: Ethereum network burns $395K ETH per hour after London upgrade. According to the report, the Miri police
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Abdul Majid said the police also raided six premises, two each in Melaka Tengah, Alor Gajah and Jasin districts which were used to carry out the activities and seized 317 bitcoin mining machines and various other equipment and 38 keys believed to be to the premises around Melaka.
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Malaysian cops seized 297 bitcoin mining machines and other electrical equipment worth about $2,427. The two Chinese nationals were a man and a woman, aged 32 and 38, respectively. The illicit conduct cost the Malaysian multinational electricity company, TNB, at least $31,546.
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Police destroyed around $1.26 million of mining equipment in totality. Stealing of electricity . Malaysian officials believe that last year, $21.3 million were stolen in the country through illegal Bitcoin mining operations. Besides Malaysia, there are other countries who are also witnessing stealing of electricity worth millions.
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Electricity theft in Malaysia. Last month, TNB and the police teamed up to bring down a ring of bitcoin miners who allegedly caused the utility company to lose $2.13 million in revenue. The police raided 21 premises and seized 1,746 bitcoins as well as bitcoin mining equipment worth $64,000.
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Malaysian authorities have raided a crypto mining facility located at George Town, capital of Penang state, and seized over 400 mining machines which cost RM180,000, equivalent to $43,800. Along with the machines, the police have also arrested four suspects.
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Police destroyed around $1.26 million of mining equipment in totality. Stealing of electricity . Malaysian officials believe that last year, $21.3 million were stolen in the country through illegal Bitcoin mining operations. Besides Malaysia, there are other countries who are also witnessing stealing of electricity worth millions.
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441 Bitcoin Mining Machines Seized by Malaysian Authorities from Illegal Miners, Suspects Arrested. As reported by The Star, in the Malaysian state of Penang, the police have confiscated 441 machines for crypto mining that were worth RM180,000. Four suspects have been taken in custody after several raids.
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The police officers seized the illegal connections which prosecutors will use as evidence. Stealing electricity in Malaysia is a criminal offence that carries a $23,800 fine as well as five years’ imprisonment. According to local outlet Malay Mail, cases of electricity theft by block reward miners have shot up in the past two years.
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Malaysian authorities seized 1,069 bitcoin mining rigs, laid them out in a parking lot at police headquarters, and used a steamroller to crush them.
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Malaysia: Police Officials in Malaysia seized 297 bitcoin mining machines and other electrical equipment worth around Malaysian Ringgit (RM) 100,00 after raiding multiple premises allegedly involved in stealing power. A Serdang town Police officer from Serdang town in Selangor state on Monday stated that they conducted raids at three premises, which exposed two Chinese citizens. …
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Authorities in Malaysia destroyed Bitcoin mining equipment worth more than $1.2 million after seizing them for operating illegally. Get 110 USDT Futures Bonus for FREE! Police in the city of Miri on the island of Borneo and the Sarawak Energy business organized for a steamroller to run over 1,069 Bitcoin (BTC) miners, according to a video broadcast today by local news site DayakDaily .
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Malaysian authorities seized 1,069 bitcoin mining rigs, laid them out in a parking lot at police headquarters, and used a steamroller to crush them, as part of a joint operation between law enforcement in the city of Miri and electric utility Sarawak Energy.
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Malaysian Police crush thousands of bitcoin mining machines. It is reported that the Malaysian Police and the local power company Sarawak energy took a joint action and seized 1069 bitcoin mining machines. Recently, the police placed these excavators in the parking lot of the police headquarters and crushed them thoroughly with a roller.
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Tin mining is one of the earliest type of mining operated in Malaysia, starting in the 1820s in Perak and in 1824 in Selangor. The development of mining industries in Malaysia attracted many Chinese immigrants who came to the state in 18th and 19th centuries to work and develop the mine fields.
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The police in Selangor, a state in Malaysia, have thwarted an operation involved in illegal bitcoin mining and electricity theft.. The cops raided multiple premises suspected of power theft, and in the process, confiscated 297 bitcoin mining machines and equipment valued at Malaysian Ringgit 100,000 (US$24.3K).
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Call it a crypto crackdown — literally. Malaysian authorities seized 1,069 bitcoin mining rigs, laid them out in a parking lot at police headquarters, and used a steamroller to crush them, as part of a joint operation between law enforcement in the city of Miri and electric utility Sarawak Energy.
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Malaysian cops seized 297 bitcoin mining machines and other electrical equipment worth about $2,427. The two Chinese nationals were a man and a woman, aged 32 and 38, respectively. The illicit conduct cost the Malaysian multinational electricity company, TNB, at least $31,546.
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Malaysian cops seized 297 bitcoin mining machines and other electrical equipment worth about $2,427. The two Chinese nationals were a man and a woman, aged 32 and 38, respectively. The illicit conduct cost the Malaysian multinational electricity company, TNB, at least $31,546.
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According to a video, Malaysian Authorities destroyed miners with the help of Steamroller.In February they seized their mining equipment which was worth $1.2 million and now finally on 16 July they ran over the 1,069 seized ASIC miners with a steamroller.
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Electricity theft in Malaysia. Last month, TNB and the police teamed up to bring down a ring of bitcoin miners who allegedly caused the utility company to lose $2.13 million in revenue. The police raided 21 premises and seized 1,746 bitcoins as well as bitcoin mining equipment worth $64,000.
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Whilst Bitcoin mining is also not really illegal, Malaysia comes down tough on those stealing electrical power or meddling with strength cables. Electricity is relatively inexpensive in Malaysia, with one kWh costing about $0. 053 for s within March this year, compared to $0. 150 in the USA.
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Bitcoin mining operation raided in Negri Sembilan, Malaysia. The police and TNB jointly raided nine premises on March 23 and seized 581 bitcoin mining machines, said Supt Mohd Fazley Abdul Rahman. The confiscated equipment is said to be worth 1.6 million Malaysian ringgit (approximately $385K).
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