Atlas21
  • ‎
No Result
View All Result
Atlas21
No Result
View All Result
Atlas21
Home Bitcoin

Illegal mining in Malaysia: police seize 45 machines in new raid

Newsroom by Newsroom
May 5, 2025
in Bitcoin
mining
Share on FacebookShare on TwitterShare on Linkedin

Police are stepping up their fight against illegal mining operations that have cost the country hundreds of millions of dollars in stolen electricity.

According to local newspaper Malay Mail, Malaysian authorities have recently intensified their crackdown on unauthorized Bitcoin mining operations, targeting yet another illegal activity in the northeastern regions of the country.

Malaysian police carried out raids at two separate locations in the Hulu Terengganu and Marang districts, confiscating 45 mining machines worth a total of approximately $52,145 (RM225,000), along with other related equipment. The illegal operation was causing estimated monthly losses of around $8,342 (RM36,000) to Tenaga Nasional, the country’s sole electricity provider.

Terengganu police chief Datuk Mohd Khairi Khairuddin stated that the criminal organizations behind these operations were running them from both residential and commercial properties, illegally siphoning electricity from the local grid. The raid was carried out in collaboration with the Special Engagement Against Losses (SEAL) unit of Tenaga Nasional Berhad (TNB).

In Malaysia, tampering with the national grid’s electrical connections is a crime punishable by up to five years in prison and/or a fine of up to $21,500 (RM100,000).

Last February, an explosion in the city of Bandar Puncak Alam uncovered an illegal mining operation with nine machines. Akmal Nasrullah Mohd Nasir, Malaysia’s Deputy Minister for Energy Transition and Water Transformation, told Malay Mail in July 2024 that illegal mining had cost the country at least $722 million (RM3.4 billion) in energy expenses between 2018 and 2023.

Neighboring Thailand has also faced a series of mining crackdowns, including one earlier this year involving nearly 1,000 machines, which reportedly stole $3 million worth of electricity from the national grid.

Previous Post

The CIA views Bitcoin as a useful tool in its rivalry with China

Next Post

From El Salvador neighborhoods to the dream of founding her own Bitcoin company

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

Le grandi banche USA valutano il lancio di una stablecoin comune
Crypto

Major US banks consider launching a joint stablecoin

by Newsroom
May 23, 2025
0

Banking giants JPMorgan, Bank of America, Citigroup, and Wells Fargo are in talks to develop a unified stablecoin solution.

Read moreDetails
Turista americano drogato e derubato: $123.000 in crypto rubati a Londra
Crypto

American tourist drugged and robbed: $123,000 in crypto stolen in London

by Newsroom
May 23, 2025
0

A fake Uber driver steals $73,000 in XRP and $50,000 in Bitcoin after drugging an American tourist.

Read moreDetails
bitcoin
Bitcoin

Michigan: four bills on pension funds, CBDCs, and mining

by Newsroom
May 23, 2025
0

Michigan lawmakers are unveiling a comprehensive strategy to regulate Bitcoin and cryptocurrencies.

Read moreDetails
bitcoin
Bitcoin

USA: 50 million Americans own bitcoin

by Newsroom
May 22, 2025
0

Bitcoin surpasses gold in the United States: 50 million holders and a dominant role in the global market.

Read moreDetails
bitcoin
Bitcoin

Texas one step away from a bitcoin reserve: only the governor’s signature is missing

by Newsroom
May 22, 2025
0

Governor Abbott will have to decide whether to sign the bill establishing a bitcoin reserve for the state.

Read moreDetails
Atlas21

© 2025 Atlas21

Navigate Site

  • About
  • Home
  • Feature
  • Bitcoin
  • Careers
  • Opinion
  • Interviews
  • Privacy Policy
  • News
  • Learn
  • B2B
  • Press
  • Cookie Policy

Follow Us

No Result
View All Result
  • News
  • Interviews
  • Learn
  • Feature
  • Services
  • Adoption
  • ‎
    • ‎

© 2025 Atlas21

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site, we will assume that you are happy with it.AcceptCookie