🏠 Fire breaks out in a residential area in Malaysia, illegal Bitcoin mining exposed!
Last Tuesday, an explosion occurred in a house located on Bandar Puncak Alam in Kuala Lumpur, the capital of Malaysia, followed by thick smoke. Local police and firefighters rushed to the scene and discovered illegal Bitcoin mining activities inside the house.
Investigations revealed that the electrical system of the house had been illegally modified to connect to the national power grid, causing a short circuit that led to the fire. The police, in collaboration with the national energy company (TNB), uncovered nine Bitcoin mining machines, nine blowers, and a D-link router at the site. This incident further highlights the serious issue of illegal cryptocurrency mining in Malaysia.
Although mining itself is not illegal in Malaysia, stealing electricity is a serious offense, with penalties of up to 100,000 ringgit (approximately $22,500) or five years in prison.
From 2018 to 2023, Malaysia has lost approximately $723 million due to these illegal mining activities.
In a crackdown operation in October 2022, authorities seized and destroyed over 2,000 uncertified mining devices worth $467,000.
Last August, Malaysian authorities also arrested seven individuals suspected of stealing electricity to mine Bitcoin. Among them, three were locals and four were foreigners, and they had no prior criminal records. Police also confiscated 52 mining devices and some electronics, with a total value of about $57,000.
The Malaysian government is taking this issue seriously; last year, they used a road roller to destroy 985 mining devices that had been confiscated during previous law enforcement operations, with a total value of approximately 1,980,000 ringgit (about $450,000).
This incident also reminds us that while cryptocurrency mining may sound high-tech, it can hide many safety hazards! The situation in Malaysia may just be the tip of the iceberg; we will continue to monitor its developments.
💬 What are your views and suggestions on the safety issues related to cryptocurrency mining? See you in the comments!
#马来西亚 #比特币挖矿 #非法挖矿 #电力危机