• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, June 22, 2026
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

Malaysian Police Dismantle Crypto Mining Syndicate in Power Theft Raid

by Thomas Babychan
May 3, 2025
in Bitcoin, Blockchain, Crypto, Crypto Exchanges, Crypto Regulation, Mining, News
Reading Time: 2 mins read
0
Bitcoin
TwitterWhatsappLinkedin

Malaysian authorities have seized 45 bitcoin mining machines during coordinated raids in Hulu Terengganu and Marang districts, as part of an ongoing effort to combat illegal cryptocurrency mining and electricity theft. The operation, known as Op Letrik, was conducted by the Terengganu police in collaboration with Tenaga Nasional Berhad (TNB), Malaysia’s national electric utility company. The raids took place at two separate premises—a residential property in Bukit Perpat and a commercial space in Wakaf Tapai—both believed to be modified to illegally draw electricity for unlicensed bitcoin mining.

You might also like

Japan’s Pension Sector Tests the Waters: Corporate Fund to Allocate 1% to Cryptocurrency

BRC-20 Tokens Explained: What They Are and How They Work on Bitcoin

SpaceX-Linked ETFs Attract $8.2 Billion as Analysts Warn Mega IPOs Could Reshape Global Indices

The seized equipment, valued at approximately RM225,000 (around $48,000 to $53,000 USD depending on conversion rates), included mining rigs and various tools associated with cryptocurrency mining. Terengganu police chief Datuk Mohd Khairi Khairuddin confirmed that the premises had been tampered with to bypass electricity meters, leading to estimated monthly losses of RM36,000 (roughly $7,700 to $8,500 USD) for TNB. This form of electricity theft not only causes financial losses but also poses safety risks due to the possibility of electrical fires from unsafe wiring and overloads.

Although no arrests were made during the raids, authorities have launched an investigation under Section 379 and Section 427 of Malaysia’s Penal Code, which deal with theft and mischief causing loss, respectively. Charges may also be brought under Section 37 of the Electricity Supply Act 1990. If convicted, individuals involved could face up to five years in prison, fines of up to RM100,000, or both.

This is not the first time Malaysia has cracked down on illegal bitcoin mining operations. Similar actions in recent years include the high-profile 2021 seizure of over 1,000 mining machines in Sarawak and the 2025 discovery of rigs following an explosion in Purnama. These cases illustrate the continuing challenge Malaysian authorities face in addressing electricity theft linked to cryptocurrency mining. The problem remains widespread and recurring, with officials estimating hundreds of millions of ringgit in losses every year due to such activities.

Tags: #Crypto MiningBitcoin miningbitcoin mining banBitcoin Mining Councilcrypto mining scam
Tweet55SendShare15
Previous Post

Estee Lauder Layoffs: Luxury Beauty Giant Cuts 2,600 Jobs Amid Sales Decline

Next Post

How to pin an app to the desktop?

Thomas Babychan

Thomas Babychan is an experienced business and economic journalist with a focus on international trade, stock market, banking, and multilateral organizations. He also has expertise in international relations and diplomacy.

Recommended For You

Japan’s Pension Sector Tests the Waters: Corporate Fund to Allocate 1% to Cryptocurrency

by Anindya Paul
June 22, 2026
0
Japan's

The normally risk-averse arena of Japan's retirement system is undergoing significant changes. For the first time, a company's pension fund has made a formal announcement that it will...

Read more

BRC-20 Tokens Explained: What They Are and How They Work on Bitcoin

by Anindya Paul
June 22, 2026
0
Bitcoin

Throughout history, Bitcoin has been regarded as both an online currency and a way of storing value. By contrast to other blockchain systems (e.g., Ethereum), Bitcoin was never...

Read more

SpaceX-Linked ETFs Attract $8.2 Billion as Analysts Warn Mega IPOs Could Reshape Global Indices

by Rounak Majumdar
June 21, 2026
0
SpaceX-Linked ETFs Attract $8.2 Billion as Analysts Warn Mega IPOs Could Reshape Global Indices

Exchange-traded funds offering exposure to SpaceX have attracted approximately $8.2 billion in investor inflows, highlighting the growing appetite for private-market companies that are not directly available to public...

Read more
Next Post
Desktop

How to pin an app to the desktop?

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at - info@techstory.in

Aviator Game India 2026

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News OpenAI samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2025 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2025 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?