Malaysia Steam-Rolls Bitcoin Mining Riggs
14Malaysia Steam-Rolls Bitcoin Mining Riggs
Viral video shows Malaysian police destroying 1,069 bitcoin mining rigs with a steamroller
Call it a crypto crackdown — literally.
Malaysian authorities seized 1,069 bitcoin mining rigs, laid them out in a parking lot at police headquarters, and used a steamroller to crush them, as part of a joint operation between law enforcement in the city of Miri and electric utility Sarawak Energy.
Assistant Commissioner of Police Hakemal Hawari told CNBC the crackdown came after miners allegedly stole $2 million worth of electricity siphoned from Sarawak Energy power lines.
https://www.cnbc.com/2021/07/19/malaysian-police-steamroll-1point25-million-worth-of-bitcoin-mining-rigs.html
Original Video:
https://www.youtube.com/watch?v=c_tcg9kOfkg
Polis Miri melupuskan sebanyak 1,069 buah mesin bitcoin bernilai RM5.3 juta yang membabitkan rampasan sepanjang Februari sehingga April tahun ini di daerah Miri.
Independent.co.uk:
“A total of six people have been successfully charged under Section 379 of the Penal Code for electricity theft and have been fined up to RM8,000 (£1,380) and jailed for up to eight months,” said Malaysian police chief Hakemal Hawari.
“The electricity theft for mining bitcoin activities has caused frequent power outages, and in 2021 three houses were razed due to illegal electricity supply connections.”
Illicit bitcoin mining operations have been discovered everywhere from Russia to the UK in recent years, typically involving criminals stealing electricity to power the rigs needed to mint cryptocurrency.
https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-mining-steamroll-crypto-electricity-b1886711.html
Business insider:
Watch Malaysian police use a steamroller to crush 1,069 bitcoin mining rigs worth $1.3 million
Malaysian police used a steamroller to crush 1,069 bitcoin mining computers seized in a series of raids, local media reported Friday.
A video posted by the Borneo news outlet Dayak Daily shows the steamroller smashing the rigs to pieces in a parking lot at the police headquarters in the city of Miri.
Police seized the rigs from miners in six separate raids between February and April, Malaysian authorities told CNBC on Monday.
The miners allegedly stole $2 million worth of electricity from Sarawak Energy, a local utility company, to power the rigs, assistant commissioner of Police Hakemal Hawari told CNBC.
https://www.businessinsider.com/malaysian-police-steamroll-1069-bitcoin-mining-rigs-video-2021-7