Malaysian Police Bust Gang That Stole $2.15 Million Worth of Electricity to M...
Police in Malaysia’s Jahor state have busted a seven-men gang that stole 8.6 million Malaysian ringgits ($2.15 million) worth of electricity to mine bitcoin and other cryptocurrencies. ● Police said they seized 1,746 bitcoin (BTC) mining machines across 21 premises in raids carried out between Feb.15 and Feb.16, the Malay Mail reported. The miners are claimed to be worth a combined 2.6 million ringgits ($650,000). ● Seven local suspects aged between 24 and 64 were nabbed in the operation, which involved domestic power company Tenaga Nasional Berhad (TNB). ●....
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Police seized 1,746 bitcoin mining machines across 21 premises in raids this week.
After miners allegedly siphoned off nearly $2 million worth of electricity to fuel the energy-intensive bitcoin mining rigs, Malaysian police seized and destroyed 1,069 bitcoin mining rigs by crushing them with a steamroller. Bitcoin Mining Rigs Destroyed Authorities in Malaysia destroyed Bitcoin mining equipment worth more than $1.2 million after seizing them for operating illegally. […]
In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has also confiscated equipment worth millions of dollars.
Malaysia Police Announce Results From Crackdown on Illegal Mining
Since 2020, Malaysian authorities have detained a total of 627 people involved in crypto mining activities using stolen electrical power, the country’s Bernama news agency revealed. During the same period, law enforcement officials also seized mining....
Bit2Bit responded to our request for comment and issued a statement following the police raid. The company said it was "appalled" by what happened, describing the seizure of its ATM as "collateral damage" in the war on gang crime. Bit2Bit went on record to state the following: "The arrested individual has no relationship to Bit2Bit Holdings Pty Ltd. He is not a shareholder, either directly, or indirectly. Rouge Coffee, and The Roastery Cafe do not own, or operate the ATM. The ATM is the sole property of Bit2Bit and is operated by us. The ATM does not allow large volume transactions.....
The European law enforcement agency, Europol, has arrested 10 people believed to be members of the criminal gang that stole cryptocurrencies with an estimated value of $100 million. The arrests follow an international investigation into a series of sim swapping attacks that occurred in 2020. According to Europol, this criminal gang had also targeted high-profile victims that are based in the U.S. The Hijacking of Mobile Devices In a statement following the arrests, the law enforcement agency explains that eight members of the gang were nabbed on Feb. 9. The two other members, one from....