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Malaysian Bitcoin Mining Gang Stole Over $2M In Electricity, Say Police

Authorities in Johor state, Malaysia, arrested seven men for stealing millions of dollars-worth of electricity to mine Bitcoin earlier this week.

An operation involving the local electricity company Tenaga Nasional Berhad (TNB) and Johor police led to the arrest of the suspects aged between 24 and 64, according to a Malay Mail report Wednesday, Feb 17.

The investigation found the gang had cost TNB 8.6 million Malaysian ringgits ($2.13 million) in lost revenue since it started mining activities in 2020.

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Great article. Requesting a follow-up. Excellent analysis.

0/1000

Comment tips

Great article. Requesting a follow-up. Excellent analysis.
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