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Illegal Bitcoin mining operation in Malaysia stole over $8,000 in electricity monthly.
A total of 45 mining machines were seized across two sites.
The operation reportedly stole $8,343 per month worth of electricity.
Illegal mining operations have led to over $100 million in losses for the Tenaga Nasional Berhad.
#IllegalMining #IllegalBitcoin #BTC #ArizonaBTCReserve #TakeProfitHit
A total of 45 mining machines were seized across two sites.
The operation reportedly stole $8,343 per month worth of electricity.
Illegal mining operations have led to over $100 million in losses for the Tenaga Nasional Berhad.
#IllegalMining #IllegalBitcoin #BTC #ArizonaBTCReserve #TakeProfitHit
Illegal Bitcoin Mining Operation Busted in Malaysia
Malaysian law enforcement recently cracked down on an unauthorized Bitcoin mining setup as part of their ongoing "Op Letrik" operation. The raid targeted facilities in Ulu Terengganu and Marang, where authorities confiscated 45 mining rigs and supporting hardware—estimated to be worth around RM225,000.
The illegal operation was siphoning electricity, causing utility losses of approximately RM36,000 every month. The case is now under official investigation, with those involved potentially facing hefty penalties—including up to five years in prison and fines reaching RM100,000—under Malaysia’s electricity theft and criminal laws.
#IllegalMining #IllegalBitcoin #BTC
Malaysian law enforcement recently cracked down on an unauthorized Bitcoin mining setup as part of their ongoing "Op Letrik" operation. The raid targeted facilities in Ulu Terengganu and Marang, where authorities confiscated 45 mining rigs and supporting hardware—estimated to be worth around RM225,000.
The illegal operation was siphoning electricity, causing utility losses of approximately RM36,000 every month. The case is now under official investigation, with those involved potentially facing hefty penalties—including up to five years in prison and fines reaching RM100,000—under Malaysia’s electricity theft and criminal laws.
#IllegalMining #IllegalBitcoin #BTC
"USDT isn’t illegal, crashing, or disappearing—don’t fall for the FUD. Stay informed, stay calm, and trade smart."
More on the USDT FUD: What’s Really Happening
There's been a flood of misinformation about USDT (Tether) lately, causing unnecessary panic and confusion. From claims that it’s illegal to own to predictions of it crashing and collapsing the market, the fear-mongering is out of control. Here's the truth:
What's Actually Happening?
Nothing. Yes, you read that right—absolutely nothing.
Here's Why:
1. Some of the Biggest Exchanges in Europe Still Support USDT:
Binance Europe
Crypto.com
And many others.
2. Regulatory Clarity:
Public statements from regulators confirm USDT isn’t non-compliant.
Even Juan Ignacio Ibañez (a MiCA alliance technical committee member) validated this.
3. Precautionary Delistings:
Exchanges like Coinbase delisting USDT? It’s purely precautionary. Remember when XRP was delisted and later relisted? Same scenario.
4. Global Operations Continue Uninterrupted:
Even if USDT were delisted in Europe (a big if), it would still function across global markets and decentralized exchanges (DEXs).
Europe is just one region in a global ecosystem.
Why the Panic?
The panic comes from misinformation and fear-mongering by accounts chasing engagement. These narratives either stem from ignorance or deliberate attempts to grab your attention.
Key Takeaways:
USDT is NOT illegal.
It’s NOT crashing.
Still widely available and traded.
Nothing significant is changing.
Unfollow the clowns spreading panic, and stick to reliable sources for updates. Don’t let the noise distract you from the facts.
Stay informed. Stay calm. Keep trading smart.
#USDT🔥🔥🔥 #IllegalMining #FUD #
More on the USDT FUD: What’s Really Happening
There's been a flood of misinformation about USDT (Tether) lately, causing unnecessary panic and confusion. From claims that it’s illegal to own to predictions of it crashing and collapsing the market, the fear-mongering is out of control. Here's the truth:
What's Actually Happening?
Nothing. Yes, you read that right—absolutely nothing.
Here's Why:
1. Some of the Biggest Exchanges in Europe Still Support USDT:
Binance Europe
Crypto.com
And many others.
2. Regulatory Clarity:
Public statements from regulators confirm USDT isn’t non-compliant.
Even Juan Ignacio Ibañez (a MiCA alliance technical committee member) validated this.
3. Precautionary Delistings:
Exchanges like Coinbase delisting USDT? It’s purely precautionary. Remember when XRP was delisted and later relisted? Same scenario.
4. Global Operations Continue Uninterrupted:
Even if USDT were delisted in Europe (a big if), it would still function across global markets and decentralized exchanges (DEXs).
Europe is just one region in a global ecosystem.
Why the Panic?
The panic comes from misinformation and fear-mongering by accounts chasing engagement. These narratives either stem from ignorance or deliberate attempts to grab your attention.
Key Takeaways:
USDT is NOT illegal.
It’s NOT crashing.
Still widely available and traded.
Nothing significant is changing.
Unfollow the clowns spreading panic, and stick to reliable sources for updates. Don’t let the noise distract you from the facts.
Stay informed. Stay calm. Keep trading smart.
#USDT🔥🔥🔥 #IllegalMining #FUD #
🚨 Russia Ka Illegal Crypto Mining Pe Crackdown! ⚡🚔
$ETH
Russian authorities ne illegal crypto mining operations pe raid maar di! 😱🔥
⚡ National power supplier, Rosseti, ko $14M ka nuksaan ho chuka hai 2024 me! 💸😵
🛑 Sabse bada nuksaan kaha?
🌍 North Caucasus Grid me hi 600 million rubles ($6.6M) ka loss! 😨⚠️
🔥 Unauthorized electricity consumption se multiple regions me crisis badh raha hai!
⚡ Mining aur Power Theft – Badi Problem!
🚀 Crypto miners illegal tariqe se sasti bijli chura ke mining kar rahe hain!
⚖️ Authorities ne action lena shuru kar diya hai!
🔍 Aage kya hoga?
Kya Russia aur bhi strict hoga illegal miners ke against? Ya fir naye rules aayenge? 🤔👇
#CryptoMining 🚀 #RussiaCrypto ⚡ #IllegalMining 🚨 #Bitcoin 🔥
$ETH
Russian authorities ne illegal crypto mining operations pe raid maar di! 😱🔥
⚡ National power supplier, Rosseti, ko $14M ka nuksaan ho chuka hai 2024 me! 💸😵
🛑 Sabse bada nuksaan kaha?
🌍 North Caucasus Grid me hi 600 million rubles ($6.6M) ka loss! 😨⚠️
🔥 Unauthorized electricity consumption se multiple regions me crisis badh raha hai!
⚡ Mining aur Power Theft – Badi Problem!
🚀 Crypto miners illegal tariqe se sasti bijli chura ke mining kar rahe hain!
⚖️ Authorities ne action lena shuru kar diya hai!
🔍 Aage kya hoga?
Kya Russia aur bhi strict hoga illegal miners ke against? Ya fir naye rules aayenge? 🤔👇
#CryptoMining 🚀 #RussiaCrypto ⚡ #IllegalMining 🚨 #Bitcoin 🔥
🚨CRACKDOWN ON ILLEGAL MINING!🚨
Malaysian Authorities Take Bold Action!
- Destroyed 985 mining devices worth $450,000
- Confiscated during raids to combat electricity theft since 2022
- Estimated loss from illegal mining: $776 MILLION since 2018
Illegal mining will not be tolerated!
Authorities are taking a strong stance against electricity theft and illegal mining operations. This decisive action aims to:
- Protect the power grid
- Prevent financial losses
- Promote legal and sustainable mining practices
#Malaysia #crackdown #illegalmining #sustainability #lawenforcement
Malaysian Authorities Take Bold Action!
- Destroyed 985 mining devices worth $450,000
- Confiscated during raids to combat electricity theft since 2022
- Estimated loss from illegal mining: $776 MILLION since 2018
Illegal mining will not be tolerated!
Authorities are taking a strong stance against electricity theft and illegal mining operations. This decisive action aims to:
- Protect the power grid
- Prevent financial losses
- Promote legal and sustainable mining practices
#Malaysia #crackdown #illegalmining #sustainability #lawenforcement
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