Malaysia Cracks Down on Illegal Bitcoin Miners, Losses Reach $1 Billion in Electricity

GateNews
BTC1,03%

ChainCatcher reports that Malaysian authorities are actively cracking down on illegal Bitcoin mining activities, which have reportedly caused up to $1 billion in electricity theft losses. Law enforcement agencies are employing a combination of high-tech and traditional methods, including using drones to detect abnormal heat sources, handheld sensors to identify irregular electricity usage, and responding to residents’ reports of strange noises. It is reported that some illegal miners even use natural bird sounds to mask the noise of mining equipment. The crackdown has turned into a “cat-and-mouse game,” involving raids on shops and abandoned houses. The Malaysian government will continue to strengthen regulations to curb this increasingly serious issue.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

The U.S. government transferred 2.4 Bitcoins to a certain CEX address.

Gate News update, April 11, according to Arkham data, about 8 hours ago the U.S. government address transferred a total of approximately 2.438 BTC to a certain CEX address in two transactions, of 0.46 BTC and 1.979 BTC, respectively. The related funds belong to the Bitcoin that was previously seized by law enforcement from Glenn Olivio.

GateNews39m ago

Strategy bought 3,468 BTC via STRC perpetual preferred stock at today’s early morning hours.

Gate News update: On April 11, Strategy (formerly MicroStrategy) led by Michael Saylor purchased 3,468 BTC early this morning through its perpetual preferred stock STRC(Stretch).

GateNews53m ago

Thailand Tightens Crypto Rules While Expanding Bitcoin Products

Hidden Funders Face Shareholder-Level Scrutiny Thailand is moving to tighten control over crypto ownership structures while expanding regulated market access. Authorities plan to track hidden financiers and restrict illicit capital flows. At the same time, regulators are opening pathways for

CryptoBreaking1h ago

BlackRock withdrew 3,741 BTC and 41,075 ETH from a certain CEX, totaling approximately $364 million in value

Gate News message: On April 11, according to monitoring by Onchain Lens, BlackRock withdrew 3,741 BTC (worth $272.49 million) and 41,075 ETH (worth $92.00 million) from a certain CEX. The total value of the two transfers is about $364 million.

GateNews1h ago

Polymarket data: The probability that Bitcoin will break $75,000 in April is 77%

Polymarket data shows that the probability of Bitcoin breaking above $75,000 in April is 77%, and the probability of breaking above $80,000 is 24%; the probability of dropping to below $65,000 is 30%. Deribit data shows that the max pain(maximum pain)price for Bitcoin options expiring on April 24 is $70,000, with a notional amount of approximately $6.98 billion.

GateNews1h ago
Comment
0/400
No comments