Crypto miners stole $723M of electricity in Malaysia since 2018: Report
Malaysia’s Deputy Minister of Energy Transition and Water Transformation revealed the number during an event where they disposed of over 2,000 machines seized in an operation.
Illegal crypto mining operators in Malaysia stole $723 million worth of electricity between 2018 and 2023, according to Malaysia’s deputy minister for energy and water.
Deputy Minister of Energy Transition and Water Transformation Akmal Nasrullah Mohd Nasir made the comment during an event that saw the disposal of 2,022 seized items worth around $467,000, including Bitcoin mining machines and electrical equipment, according to a report by Malay Mail.
Nasir said these illegal mining operations are harming not only Malaysia’s state-controlled power operator Tenaga Nasional Berhad, but also locals in affected areas.
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Author: Brayden Lindrea
