COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Police Crack Down on Illicit Bitcoin Mining in Malaysia
Share
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency Law > Police Crack Down on Illicit Bitcoin Mining in Malaysia
Cryptocurrency Law

Police Crack Down on Illicit Bitcoin Mining in Malaysia

In Brief

  • Police busted a gang involved in illegal Bitcoin mining in Malaysia.

  • Approximately 45 mining devices valued at $52,145 were confiscated.

  • No arrests were made, but investigations on illegal energy usage continue.

İlayda Peker
İlayda Peker 1 year ago
Share
SHARE

On April 30, Malaysian police announced an operation against a gang allegedly involved in illegal Bitcoin $78,121 mining activities in the Hulu Terengganu and Marang regions. The crackdown was reported as part of security measures against unlawful activities in these northeastern areas of Malaysia.

Contents
Bitcoin OperationIllegal Cryptocurrency Mining

Bitcoin Operation

The authorities conducted extensive investigations at two different locations in Bukit Perpat, Hulu Terengganu, and Wakaf Tapai, Marang. During the operation, approximately 45 Bitcoin mining devices were confiscated, valued at around $52,145. Among the seized equipment were additional tools used for illegal mining activities.

It was revealed that the police coordinated the operation with the Special Engagement Against Losses (SEAL) unit of Tenaga Nasional Berhad (TNB). No arrests were reported during the operation.

Datuk Mohd Khairi Khairuddin, Chief of Police in Terengganu, noted an in-depth investigation into illegal activities.

Illegal Cryptocurrency Mining

The operation revealed that the confiscated mining equipment involved an estimated monthly electricity theft worth approximately $8,342 (RM36,000). Authorities specified that the crime operated by diverting electricity from both residential and commercial sources. The ongoing investigation aims to detect wider illegal energy usage.

Malaysia enforces stringent penalties against the illegal use of communication and energy resources. Under existing legal frameworks, those convicted of such crimes face up to five years of imprisonment and heavy fines. Similar operations in the past led to the destruction of 985 illegal mining devices.

The investigation related to this operation is expected to broaden upon completion of the legal process. Authorities emphasize the importance of increasing collaboration and oversight to prevent illegal activities.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Us senators agree stablecoin rewards ban in new bill

Bithumb resumes operations after $24.6 million penalty suspended

Us officials scrutinize Tether over billion dollar family loan

Nigel Farage receives £5 million from crypto billionaire

Hong Kong warns against fake HKDAP and HSBC tokens

İlayda Peker 2 May, 2025 - 1:42 am 2 May, 2025 - 1:42 am
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article SEC Ends Investigation into PayPal’s Digital Currency: Key Developments Unveiled
Next Article The Treasury Forecasts Stablecoins to Skyrocket into Trillions by 2028
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

XRP rallies after court clarifies SEC dispute in 2025
Ripple (XRP)
Ripple connects 13,000 banks with $12.5 trillion in payments
Ripple (XRP)
Ethereum eyes $3,200 after bouncing from key $1,725 support
Ethereum (ETH)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
COINTURK NEWS 2026
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?