Police in Malaysia’s Jahor country have busted a seven-guys gang that stole eight.6 million Malaysian ringgits ($2.15 million) worth of energy to mine bitcoin and different cryptocurrencies.
- Police said they seized 1,746 bitcoin (BTC) mining machines across 21 premises in raids done among Feb.15 and Feb.16, the Malay Mail mentioned. The miners are claimed to be well worth a blended 2.6 million ringgits ($650,000).
- Seven local suspects elderly between 24 and 64 have been nabbed within the operation, which involved domestic energy enterprise Tenaga Nasional Berhad (TNB).
- “The syndicate, which has been lively seeing that the beginning of closing 12 months, finished its sports on the top floor of a shophouse to keep away from detection through the government,” stated Johor’s police leader, Datuk Ayob Khan Mydin Pitchay.
- Ayob Khan brought that police are nonetheless investigating the operation, whose alleged mastermind and different gang individuals are still at huge.
- “Investigators are not ruling out the opportunity that the syndicate also has links with syndicates in different states that perform the identical modus operandi used of their bitcoin mining sports,” he said.
- consistent with Johor TNB, last yr the strength organisation suffered losses of round ninety million ringgits ($22.Five million) from electricity thefts related to bitcoin mining.
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