Malaysia Seizes Over 75,000 Crypto Mining Rigs in Power-Theft Crackdown

Malaysian authorities have confiscated more than 75,000 cryptocurrency mining rigs as part of a crackdown on illegal electricity theft from the national grid. Since 2022, over 3,000 raids have been carried out, resulting in 629 arrests. Crypto miners had been illegally siphoning power, causing significant losses for energy providers.