Malaysia Cracks Down on Illegal Bitcoin Mining: $723 Million in Electricity Stolen Since 2018

Illegal cryptocurrency mining has significantly impacted Malaysia’s energy sector and local communities. Since 2018, unauthorized mining operations have illicitly utilized electricity valued at approximately $723 million. Authorities recently disclosed this alarming figure while destroying over 2,000 items, including Bitcoin mining devices and electrical equipment worth around $467,000. Discover how illegal crypto mining raids Malaysia’s energy