Authorities raided Bitcoin (BTC) mining operations in Malaysia after finding that they were stealing electricity resulting in a loss of 3.2 million Malaysian ringgit ($760,736) to the utility company.
33 facilities illegally mining Bitcoin
Malaysian major electric utility Tenaga Nasional Bhd (TNB) fell victim to an illegal cryptocurrency mining operation, which resulted in a $760,736 loss, local media organization Malay Mail reported on Aug. 7. After revealing the malpractice, the company raided 33 premises located near thestate capital of Pahang, Kuantan.
Distributing network general manager Siti Sarah Johana Mohd said that the facilities had been mining Bitcoin for six months.