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Malaysian Police Uncover Illegal Bitcoin Mine, Publicly Destroy 186 Mining Rigs

Source
Uk Jin

Summary

  • Malaysian police said they uncovered an illegal Bitcoin mining operation during a joint raid with state-owned power company TNB.
  • Authorities said they seized 48 Bitcoin mining rigs and related equipment from a house in Perak state, which is accused of using electricity without authorization.
  • In Selangor state, officials publicly destroyed a total of 7,445 seized items, including 186 mining rigs, and said the destroyed goods were worth about 1.19 million ringgit (roughly $269,000).

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Photo: Shutterstock
Photo: Shutterstock

Malaysian police are intensifying a crackdown on illegal Bitcoin mining. Authorities recently also publicly destroyed hundreds of seized Bitcoin mining machines.

Singapore's Lianhe Zaobao reported on Nov. 12 that police in Malaysia's Perak state conducted a joint raid with state-owned power company Tenaga Nasional Berhad on Nov. 10 and uncovered a house suspected of hosting an illegal Bitcoin mining operation.

Police seized 48 Bitcoin mining rigs and related equipment from the house. The facility is accused of mining Bitcoin with illegally tapped electricity.

In Selangor state on Nov. 11, authorities held a public destruction event for 7,445 pieces of evidence, including 186 mining rigs and 332 computers. The destroyed items were valued at about 1.19 million ringgit, or roughly $269,000.

#Crypto Regulation
Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

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