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Malaysia Flattens Seized Bitcoin Mining Rigs With Steamroller — Over 1,000 Machines Demolished – Regulation Bitcoin News

Over 1,000 bitcoin mining machines have been completely destroyed in Malaysia after they have been seized for illegally mining the cryptocurrency utilizing stolen electrical energy. The mining machines, price about $1.26 million, have been steamrolled within the Malaysian metropolis of Miri and eight individuals have been arrested to this point.

Over a Thousand Bitcoin Mining Machines Demolished in Malaysia

Malaysian authorities have fully destroyed 1,069 bitcoin mining machines confiscated between February and April with a steamroller, native media reported Friday.

The mining machines have been seized in a joint operation carried out by police and Sarawak Vitality Berhad (SEB) in Miri, a Malaysian metropolis on the northwest coast of the island of Borneo. They’re estimated to be price 5.3 million Malaysian ringgits ($1.26 million). All seizures that had been settled in court docket have been disposed of on the Miri district police headquarters Friday.

Miri police chief ACP Hakemal Hawari stated eight people have been additionally arrested for being concerned in unlawful mining actions. He stated in an announcement:

A complete of six individuals have been efficiently charged beneath Part 379 of the Penal Code for electrical energy theft and have been fined as much as RM8,000 and jailed for as much as eight months.

The authorities stated that the mining machines used electrical energy stolen from SEB’s electrical energy provide traces to mine bitcoin.

In accordance with the police chief, SEB suffered a lack of 8.4 million Malaysian ringgits attributable to electrical energy theft from the bitcoin mining actions. He additional detailed:

The electrical energy theft for mining bitcoin actions has prompted frequent energy outages and in 2021, three homes have been razed attributable to unlawful electrical energy provide connections.

Native information outlet Dayakdaily posted a video of the destruction of seized bitcoin mining machines Friday.

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