Malaysia

RM1.6 mil seized in Negri Sembilan bitcoin mining syndicate bust

581 blockchain machines confiscated after raids on 9 spots

Updated 5 years ago · Published on 24 Mar 2021 11:25AM

RM1.6 mil seized in Negri Sembilan bitcoin mining syndicate bust
Nilai district police chief Mohd Fazley Ab Rahman says TNB suffered RM2.1 million over the past year as a result of bitcoin mining by a syndicate operating out of Negri Sembilan. – Nilai PDRM Facebook pic, March 24, 2021

NILAI – Police busted a syndicate stealing electricity supply to carry out bitcoin mining activities in raids on nine premises here yesterday which resulted in a seizure of RM1.6 million.

District police chief Mohd Fazley Ab Rahman said the integrated operation in collaboration with Tenaga Nasional Berhad (TNB) and the Negri Sembilan police contingent headquarters raided four premises in Bandar Enstek and five in Bandar Baru Nilai and seized 581 bitcoin mining machines.

He said TNB suffered a loss of RM2.1 million as a result of the illegal activities carried out for almost a year.

“The operation was carried out from 1pm until 5pm and police arrested a local man and a Chinese national who are in their 30s. 

“They claimed to be the technicians. During the raid, they were inspecting and doing maintenance work on the bitcoin mining machines,” he told a press conference here.

The case is being investigated under Section 379 and 427 of the Penal Code as well as the Electricity Supply Act 1990, he added. – Bernama, March 24, 2021

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