Coinspeaker
Malaysian Police Raid Illegal Bitcoin Mining Operation
The Malaysian police carried out a raid on an illegal Bitcoin mining syndicate operating in the Hulu Terengganu and Marang districts on April 30. Authorities believe the operation, based in the northeastern region of Malaysia, was using stolen electricity to power its Bitcoin mining activities.
According to a report from a local news outlet, the raids took place at two separate locations, one in Bukit Perpat, Hulu Terengganu, and the other in Wakaf Tapai, Marang. The operation led to the seizure of 45 Bitcoin mining machines, valued at approximately $52,145 (RM225,000). In addition to the mining rigs, police also confiscated various other pieces of equipment used by the syndicate.
The police conducted the raids in collaboration with Tenaga Nasional Berhad’s (TNB) Special Engagement Against Losses (SEAL) unit. At the time of the operations, no arrests were made. Datuk Mohd Khairi Khairuddin, the Terengganu
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