• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple
  • Blockchain
  • Guides
  • Mining

Bitcoin News Feeds

Bitcoin Club

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


malaysian-bitcoin-mining-gang-stole-over-$2m-in-electricity,-say-police

Police seized 1,746 bitcoin mining machines across 21 premises in raids this week.

Feb 18, 2021 at 9:40 a.m. UTC

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.
  • 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.
  • The police seized 1,746 bitcoin mining machines worth a claimed RM2.6 million ($64,000) across 21 premises.
  • “The syndicate, which has been active since the beginning of last year, carried out its activities on the top floor of a shophouse to avoid detection by the authorities,” said Johor’s police chief, Datuk Ayob Khan Mydin Pitchay.
  • Police are still investigating the operation and trying to track down the mastermind of the group and other members who are still at large, he added.

https://www.coindesk.com/malaysian-bitcoin-mining-gang-stole-over-2m-in-electricity-say-police

The post Malaysian Bitcoin Mining Gang Stole Over $2M in Electricity, Say Police appeared first on BTC Ethereum Crypto Currency Blog.



Source link

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published.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

Primary Sidebar

Recent Posts

  • Kaspa (KAS) Has Tied with Ethereum Classic (ETC) Among HiveOS Miners March 16, 2023
  • New lolMiner 1.70 and BzMiner v13.4.0 Bring More NEXA Performance Improvements March 9, 2023
  • SRBMiner-MULTI v2.2.0 Released with Dynex Mining Support for AMD, Nvidia and Intel GPUs March 8, 2023
  • Better Mining Efficiency of ZIL with ASICs and Old Low-VRAM GPUs on Ezil.me March 7, 2023
  • Now You Can Mine KASPA (KAS) on f2pool With 500K KAS Contest for Miners March 2, 2023

Ethereum

Avast Acquires Self-Sovereign Identity Firm Evernym for Undisclosed Amount

December 10, 2021 By Leave a Comment

Bybit

This mobile gaming platform is launching a charity eSports tournament

December 10, 2021 By Leave a Comment

Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red

December 10, 2021 By Leave a Comment

Advertisement

Put your ad code in here!

Tags

ADA Bank Binance Bitcoin Bitcoins Blockchain BNB BTC Cardano Coinbase Crypto Data DeFi Digital DOGE Dogecoin Dot ETH Ether Ethereum Exchange Finance Firm fund High Investors Launch Launches Market metaverse Million Mining Network NFT NFTs Platform Price Raises report support Token Top Traders Trading XRP

Footer

Legal Pages

  • Privacy Policy
  • Disclaimer

Recent Posts

  • Kaspa (KAS) Has Tied with Ethereum Classic (ETC) Among HiveOS Miners
  • New lolMiner 1.70 and BzMiner v13.4.0 Bring More NEXA Performance Improvements
  • SRBMiner-MULTI v2.2.0 Released with Dynex Mining Support for AMD, Nvidia and Intel GPUs
  • Better Mining Efficiency of ZIL with ASICs and Old Low-VRAM GPUs on Ezil.me
  • Now You Can Mine KASPA (KAS) on f2pool With 500K KAS Contest for Miners

Tag cloud

ADA Bank Binance Bitcoin Bitcoins Blockchain BNB BTC Cardano Coinbase Crypto Data DeFi Digital DOGE Dogecoin Dot ETH Ether Ethereum Exchange Finance Firm fund High Investors Launch Launches Market metaverse Million Mining Network NFT NFTs Platform Price Raises report support Token Top Traders Trading XRP

Copyright © 2023