Malaysian Authorities Raid Illegal Bitcoin Mining Facilities

Authorities in Malaysia have busted a few Bitcoin mining offices after finding that they were siphoning power at no cost, local media outlet Malay Mail reports.

Tenaga Nasional Berhad (TNB), a major electricity and utility company in the nation, purportedly lost roughly $760,736 (3.2 million Malaysian ringgit) in unpaid power fees to the miners.

After the illegal activity was found, the firm went on to raid 33 apartments located near Kuantan, the state capital of Pahang.

Commenting on the case, Siti Sarah Johana Mohd Said, a service developer at the utility company, said that the illicit mining offices had been operational for more than six months.

Said stated the miner made use of power directly from the distribution board, hence bypassing the meter. This made a disparity within the charge.

“They paid a bill of only RM219 [$52] whereas they should have been billed RM108,000 [$25,674] a month,” Said underscored.