Malaysia Police Bust Cryptocurrency Mining Syndicate Stealing Electricity

Three men have been arrested in Johor, Malaysia for allegedly stealing electricity to run a cryptocurrency mining operation. The suspects, aged 26 to 46, were taken into custody on July 22 and 23.

According to the Johor police chief, Ab Rahaman Arsad, the syndicate had been operating for about a month in four premises located in Johor Bahru, Iskandar Puteri, and Kulai. The suspects mined cryptocurrency worth between RM80,000 (S$25,200) and RM100,000 during this period.

The police seized 71 cryptocurrency mining machines, computers, laptops, routers, monitors, keyboards, mobile phones, padlocks, keys, and two vehicles during the raids. The suspects were earning around RM5,000 each from their activities.