Bitcoin

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<p><strong>Key points:</strong></p>   
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 <li><em>According to a report, the police conducted a special enforcement operation last week to bust bitcoin mining activities involving electricity theft.</em></li> 
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<p><strong>Malaysian authorities arrested seven for Malaysia Bitcoin Mining electricity theft, seizing 52 rigs; RM3.4 billion ($777M) in power was stolen between 2018-2023</strong></p>   
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<h2 class="wp-block-heading" id="strong-malaysia-bitcoin-mining-crackdown-leads-to-arrests-strong"><strong>Malaysia Bitcoin Mining Crackdown Leads to Arrests</strong></h2>   
<p><span style="margin: 0px;padding: 0px"><a href="https://www.bernama.com/en/news.php?id=2330386" target="_blank" rel="noopener">According to Bernama—Malaysian National News Agency — Malaysian authorities have recently arrested seven individuals</a>, including three locals and four foreigners, for allegedly running bitcoin mining operations involving electricity theft</span>.</p>   
<p>Police seized 52 bitcoin mining rigs and electronic equipment worth RM250,000 ($57,000). The arrests are part of a broader effort to crack down on illegal Bitcoin mining operations in Malaysia.</p>   
<p class="has-background" style="background-color:#222222"><strong>Read More:<a href="https://coincu.com/252098-renzo-review-binance-labs-restaking-protocol/" target="_blank" rel="noreferrer noopener"> </a><a href="https://coincu.com/263449-crypto-supporter-donald-trump-help-bitcoin-miner/" data-type="link" data-id="https://coincu.com/270668-how-the-secs-revised-binance-us-lawsuit-and-solanas-exclusion-affect-the-best-ongoing-presales-in-2024/" target="_blank" rel="noreferrer noopener">Bitcoin Mining Difficulty Hits New Historic High</a></strong></p>   
<h2 class="wp-block-heading" id="strong-power-theft-in-malaysia-bitcoin-mining-operations-strong"><strong>Power Theft in Malaysia Bitcoin Mining Operations</strong></h2>   
<p>Amid a crackdown on electricity theft, Malaysia’s deputy energy minister reported that cryptocurrency miners have stolen RM3.4 billion ($777 million) in electricity since 2018.</p>   
<p>Following China’s crypto mining ban in 2021, mining operations have shifted to countries like Malaysia, where competitive electricity prices and existing infrastructure make it an attractive destination for Bitcoin miners.</p>   
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Malaysia Bitcoin Mining: Seven Arrested for Power Theft in Crypto Ops

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