🚨Bitcoin: Electricity theft for illegal BTC mining explodes in Malaysia
The Rapetou of Electricity. Tenaga Nasional Berhad (TNB), Malaysia's largest national electricity company, is sounding the alarm by reporting a dramatic 300% increase in electricity theft linked to illegal Bitcoin and cryptocurrency mining activities over the past six years. This increase is attributed to clandestine crypto miners and thieves who siphon off subsidized electricity by manipulating or circumventing meters.
Key points from this article:
1. Tenaga Nasional Berhad has reported a dramatic 300% increase in electricity theft in Malaysia due to illegal cryptocurrency mining.
2. Malaysian authorities have stepped up efforts to dismantle these clandestine installations by launching nationwide raids and installing smart meters.
