Close Menu
CryptoAINews
  • Home
  • Cryptocurrency
  • Bitcoin News
  • Crypto Mining
  • Ethereum
  • Altcoins
  • Crypto Market Trends
  • Blockchain
  • Sponsored
  • Live Markets
  • Top Coins
Trending
  • Coinbase Adds PancakeSwap to Listing Roadmap As the BNB Chain DEX Surges to Record $173,000,000,000 in Monthly Volume
  • Bitcoin Repeating 2024 Rally? Analysts Eye ‘Real Breakout’
  • Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale
  • ETF issuers’ latest warning – SEC’s approval process ‘kills innovation, aids giants’
  • AB Launches on Binance
  • Best Cryptos to Invest In for 2025: Top 4 Projects
  • Ripple Made Millionaires in 2021: The Next Altcoin to Invest In
  • Freight Train to Mar-a-Lago? $20M Trump Memecoin News
  • Live Markets
  • Top Coins
  • Newsletter
CryptoAINews
  • Home
  • Cryptocurrency
  • Bitcoin News
  • Crypto Mining
  • Altcoins
  • Ethereum
  • More
    • Crypto Market Trends
    • Blockchain
  • Sponsored
CryptoAINews
Home » Cryptocurrency » Illegal Bitcoin Mining Operation Exposed After Fire Erupts in Malaysian Home
Bitcoin Mining New
Cryptocurrency

Illegal Bitcoin Mining Operation Exposed After Fire Erupts in Malaysian Home

CryptoAINewsBy CryptoAINewsFebruary 16, 2025No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Malaysia was rocked by an surprising discovery on Tuesday when an explosion and billowing smoke from a home alongside Lorong Cekara Purnama, Bandar Puncak Alam, led authorities to uncover an unlawful bitcoin mining operation.

The newest improvement comes because the Southeast Asian nation continues to battle unauthorized crypto mining, which has brought on important monetary losses and strains on the nation’s energy infrastructure.

Electrical Fireplace Exposes Unlawful Operation

Sungai Buloh district police chief, Superintendent Mohd Hafiz Muhammad Nor, revealed that 14 volunteer firefighters from Saujana Utama and Bestari Jaya had been dispatched after an area girl reported the incident to the Sungai Buloh district police headquarters at 11:41 a.m. on February eleventh.

Upon arrival, each firefighters and patrolling cops needed to forcibly enter the unoccupied home, the place they discovered the hearth originating from a room crammed with modified electrical circuits. That they had been illegally linked to the ability grid and had short-circuited which brought on the blaze.

After extinguishing the hearth on the night of Tuesday, a joint investigation by the police and Tenaga Nasional Berhad (TNB) personnel revealed the home had been illegally drawing electrical energy for bitcoin mining. Authorities seized 9 Bitcoin mining rigs, 9 blower followers, and a D-link router.

The newest case make clear yet one more occasion of illicit cryptocurrency operations which have been rising in frequency throughout Malaysia.

Bitcoin Miners Stealing Electrical energy in Malaysia

Between 2018 and 2023, Malaysia lost roughly $723 million on account of unauthorized electrical energy use for crypto mining. Deputy Minister Akmal Nasir had then acknowledged that miners exploit unmetered energy, however power suppliers have detection strategies. In an October 2022 crackdown, authorities seized and destroyed over 2,000 uncertified mining gadgets price $467K.

Regardless of these losses, cryptocurrency mining itself is just not unlawful in Malaysia however electrical energy theft within the nation is a critical offense that carries penalties of as much as RM100,000 ($21,000) in fines or 5 years in jail.

Final August, Malaysian authorities arrested seven people – three locals and 4 foreigners – for allegedly stealing electrical energy for Bitcoin mining. The Sepang District Police Chief confirmed that none had prior prison information. Officers seized 52 mining rigs and digital gadgets price round $57,000.

The identical month, Malaysian authorities destroyed 985 seized mining rigs price $452,500 by crushing them with a steamroller. These machines had been confiscated throughout enforcement operations from 2022 to April 2024.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Unique): Use this link to register a brand new account and obtain $600 unique welcome supply on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE place on any coin!



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
CryptoAINews
  • Website

Related Posts

AB Launches on Binance

June 7, 2025

Ripple Made Millionaires in 2021: The Next Altcoin to Invest In

June 6, 2025

Freight Train to Mar-a-Lago? $20M Trump Memecoin News

June 6, 2025

New Cohort Adds 3.1% of BTC Supply Since March

June 5, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

ByBit Lost 70% Of Ethereum Holdings To Hacker, Says CEO

February 22, 2025

What Happens to Bitcoin If Gold Hits $5,000?

May 6, 2025

Vitalik Buterin wants to make Ethereum ‘as simple as Bitcoin’ by 2030

May 5, 2025

Argentina Opposition Threatens Milei With Impeachment Over LIBRA Token Tweet: Reuters

February 18, 2025

XRP Bulls Struggle To Break Key Resistance At $2.2546: What’s Next?

March 14, 2025
Categories
  • Advertise
  • Altcoins
  • Bitcoin News
  • Blockchain
  • Crypto Market Trends
  • Crypto Mining
  • Cryptocurrency
  • Ethereum
  • Sponsored
About us

Welcome to CryptoAInews.ai, your go-to destination for the latest and most comprehensive insights into the dynamic world of cryptocurrency and blockchain technology.

At CryptoAInews.ai, we are passionate about keeping you informed on all things crypto. From breaking news and market trends to in-depth analysis and expert commentary, our goal is to deliver accurate, reliable, and up-to-date information to empower you in this fast-evolving digital landscape.

We understand that the crypto market is complex and ever-changing. That’s why we strive to present content that is not only informative but also easy to understand, whether you’re a seasoned investor or a newcomer exploring the crypto universe.

Top Insights

Coinbase Adds PancakeSwap to Listing Roadmap As the BNB Chain DEX Surges to Record $173,000,000,000 in Monthly Volume

June 7, 2025

Bitcoin Repeating 2024 Rally? Analysts Eye ‘Real Breakout’

June 7, 2025

Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

June 7, 2025
Categories
  • Advertise
  • Altcoins
  • Bitcoin News
  • Blockchain
  • Crypto Market Trends
  • Crypto Mining
  • Cryptocurrency
  • Ethereum
  • Sponsored
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
  • About us
  • Contact us
Copyright © 2025 Cryptoainews.ai All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.