In Malaysia, there has been a sharp increase in electricity theft related to illegal cryptocurrency mining. According to the country's largest energy company TNB, the number of such cases has risen by 300% over the last six years: from 610 in 2018 to 2397 in 2024. This creates a serious burden on the power grid, resulting in losses of hundreds of millions of dollars. TNB is actively combating the issue by implementing smart meters to monitor and detect illegal consumption. During raids, law enforcement found numerous mining farms using stolen electricity to mine bitcoins. Similar problems are observed in other countries, such as Kuwait. Experts note that the growing popularity of cryptocurrencies stimulates such crimes, as miners seek cheap sources of energy. Malaysia is tightening measures against illegal mining to protect its energy infrastructure.
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