The registered crypto trading firm allegedly stole “hundreds of millions of baht” from electricity providers, coming out to at least $2.88 million.
Thai police and electricity officials have reportedly seized 996 Bitcoin mining devices from a company they say illegally diverted electricity to run the machines.
The Bitcoin miners were confiscated in a road at JIT Co’s facility in Phanat Nikhom, Chon Buri, on Jan. 8, Pol Maj Gen Montree Theskhan, commander of the Crime Suppression Division, told the Bangkok Post on Jan. 9.
An estimated “hundreds of millions of baht” worth of electricity was allegedly stolen by JIT Co, with the lower end of 100 million baht figure amounting to at least $2.88 million at current rates.
