Malaysian Police Shut Down 3 Crypto Mining Operators Over Alleged Electricity Theft

With electrical energy theft changing into extra frequent in Malaysia for cryptocurrency mining, the Malaysian police shut down three cryptocurrency mining operations in Klang on Thursday.

In a joint operation with the Tenaga Nasional Berhad and Klang Municipal Council, no less than 12 suspects had been arrested for allegations involving electrical energy theft. Malaysian Anti-Corruption Fee (MACC) Commissioner Tan Sri Azam Baki mentioned that they had recorded a complete of seven,209 circumstances of electrical energy theft since 2018, leading to over $549 million in losses.

“We carried out raids on three premises in Bandar Puteri and Bayu Perdana, arrested 12 males, and seized RM65,000 value of cryptocurrency mining machines,” mentioned South Klang OCPD Asst Commissioner Cha Hoong Fong. 

In accordance with legislation enforcement, of the twelve suspects arrested, the background checks for seven of them returned with prior legal data.

“The suspects had been aged between 18 and 43. Background checks confirmed seven of them have prior legal data.”

Cha added the suspects had been employed as technicians and caretakers to take care of the crypto mining operations. The three mining actions earned over $35,000 in income (RM 150,000) inside two months, based mostly on preliminary estimates. Nevertheless, the suspects are believed to have stolen simply over $14,000 (RM 60,000) value of electrical energy.

“We’re investigating if the suspects are working along with the meter readers to keep away from getting caught,” Cha added.

Electrical energy theft from crypto miners is changing into too frequent

In January this 12 months, Malaysian authorities arrested a 28-year-old man within the state of Perak within the Manjung District for allegedly operating unlawful Bitcoin mining actions utilizing stolen electrical energy.

The Perak police chief mentioned the operations found no less than 30 mining websites, stealing near $478,000 value of electrical energy.

Between January and February, police have already raided 5 premises, seizing 131 mining machines.

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