The cryptocurrency mining crackdown is now at a new level. About 1000 PCs have been crushed by a road roller in Malaysia after it allegedly stole tons of electricity.
Crypto Mining: Alleged Stealing of ElectricityA Malaysian news outlet, The Star, reported that the arrested folks were allegedly involved in electricity theft. The police chief of Miri police, Hakemal Kawari, further revealed that the crypto miners illegally tapped into the electricity lines of the Sarawak Energy Berhad, an electricity utility company supplying the Sarawak state. As such, the authorities fined the apprehended individuals about $1,900 or RM 8,000. Not just that, they will also be locked up in jail for about eight months. Nevertheless, the imposed fine still does not equate to the alleged price tag of the electricity theft. In total, the stolen power accounted for about $2 million worth of supply for only about three months of crypto mining.
Crypto Mining Crackdown in MalaysiaCases like this, wherein illegal crypto miners are held into custody is not a new thing for the Asian country. In fact, the latest case is significantly smaller in scale than previous raids. To be precise, on March 26, the Melaka police in Malaysia started hunting for a man who allegedly stole a whopping $2.2 million worth of electricity due to illegal crypto mining. The victim of this case is another energy company that goes by the name Tenaga Nasional Berhad. It is to note that the suspect is still at large and remains to be wanted by the Malaysian authorities.
As per Malaymail, the whole mining operation turned out to be a full-blown syndicate that started operating in February 2019.
Written by Teejay Boris