Malaysian authorities recently raided a Bitcoin mining operation in Hulu Terengganu and Marang, seizing 45 machines valued at $52,145. The syndicates behind the operation illegally tapped into the local grid, causing monthly losses of $8,342. While Bitcoin mining is legal in Malaysia, tampering with electricity connectivity can lead to imprisonment or fines. The rise of illegal mining activities in East and Southeast Asia, driven by international criminal groups, poses challenges. China's ban on mining in 2021 may have shifted such activities to Southeast Asia. Malaysia has faced similar issues before, with significant financial losses due to illegal crypto mining. The crackdown reflects a broader trend in the region, with neighboring Thailand also experiencing crackdowns on illicit mining operations. Authorities are working to combat these activities and protect national grids from energy theft.
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