RATE Group | Malaysian Electric Utility Raids 33 Illicit Bitcoin Mining Facilities
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Malaysian Electric Utility Raids 33 Illicit Bitcoin Mining Facilities

07 Aug Malaysian Electric Utility Raids 33 Illicit Bitcoin Mining Facilities

Posted at 21:11h in Bitcoin News by

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Authorities raided Bitcoin (BTC) mining operations in Malaysia after finding that they were stealing electricity resulting in a loss of 3.2 million Malaysian ringgit ($760,736) to the utility company.

33 facilities illegally mining Bitcoin

Malaysian major electric utility Tenaga Nasional Bhd (TNB) fell victim to an illegal cryptocurrency mining operation, which resulted in a $760,736 loss, local media organization Malay Mail reported on Aug. 7. After revealing the malpractice, the company raided 33 premises located near the state capital of Pahang, Kuantan.

Distributing network general manager Siti Sarah Johana Mohd said that the facilities had been mining Bitcoin for six months:

“TNB collected evidence that 23 premises were running Bitcoin mining activities while the other 10 premises were aware of our raid this time around and destroyed the evidence.”

The mining equipment deployed electric power directly from the distribution board passing the meter. “The metered 3 Amp was used…

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