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Malaysia Cracks Down on Crypto Miners Over $1.1B Electricity Theft
12/04/2025, 17:07
AI SUMMARY
●Malaysia targets miners involved in $1.1 billion electricity theft scheme
●Authorities seize equipment from illegal operations bypassing energy meters
●Crackdown highlights growing regional enforcement on illicit mining infrastructure
Malaysian authorities have launched a major crackdown on Bitcoin mining syndicates accused of stealing approximately $1.1 billion in electricity. The enforcement targets illegal operations that have bypassed energy meters to power energy-intensive mining rigs. This represents one of the largest seizures related to utility theft in the region's crypto sector.