According to a report by a Malaysian news outlet, MalayMail, Bitcoin and crypto mining operations were mostly responsible for the massive electricity theft in the country between 2018 and 2023.
Despite the crackdown, crypto mining and general services are not illegal in the Asian country.
Bitcoin Mining Using Stolen Energy
Akmal Nasrullah Mohd Nasir, the Deputy Minister for the Energy Transition and Water Transformation docket in Malaysia, noted that between 2018 and 2023, the country lost around RM3.4 billion ($723 million) due to unauthorized electricity supplies for crypto mining.
Akmal Nasir spoke at an event where over 2,000 pieces of equipment seized in an October 2022 crackdown were disposed of. As per the report, this equipment, valued at about $467K, lacked ST safety certificates. Present during this event included T Area Enforcement and Operations Director Ismail Zaili Yusop and ST Chief Operating Officer Dr V Sanjayan.
The Deputy ministry head noted that the electricity thef
We współpracy z: https://cryptopotato.com/bitcoin-mining-contributing-to-massive-electricity-theft-in-malaysia-report/
