Over 1,000 bitcoin mining machines have been completely destroyed in Malaysia after they had been seized for illegally mining the cryptocurrency utilizing stolen electrical energy. The mining machines, price about $1.26 million, had been steamrolled within the Malaysian metropolis of Miri and eight folks have been arrested thus far.
Over a Thousand Bitcoin Mining Machines Demolished in Malaysia
Malaysian authorities have utterly destroyed 1,069 bitcoin mining machines confiscated between February and April with a steamroller, native media reported Friday.
The mining machines had been seized in a joint operation carried out by police and Sarawak Power Berhad (SEB) in Miri, a Malaysian metropolis on the northwest coast of the island of Borneo. They’re estimated to be price 5.3 million Malaysian ringgits ($1.26 million). All seizures that had been settled in court docket had been disposed of on the Miri district police headquarters Friday.
Miri police chief ACP Hakemal Hawari mentioned eight people had been additionally arrested for being concerned in unlawful mining actions. He mentioned in a press release:
A complete of six folks have been efficiently charged beneath Part 379 of the Penal Code for electrical energy theft and have been fined as much as RM8,000 and jailed for as much as eight months.
The authorities mentioned that the mining machines used electrical energy stolen from SEB’s electrical energy provide traces to mine bitcoin.
In response to the police chief, SEB suffered a lack of 8.4 million Malaysian ringgits as a consequence of electrical energy theft from the bitcoin mining actions. He additional detailed:
The electrical energy theft for mining bitcoin actions has brought on frequent energy outages and in 2021, three homes had been razed as a consequence of unlawful electrical energy provide connections.
Native information outlet Dayakdaily posted a video of the destruction of seized bitcoin mining machines Friday.
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