🔥 Malaysia Launches Major Crackdown on Illegal BTC Mining 🔥
Authorities in Malaysia have formed a new “air ↔ ground” task force — deploying drones, ground patrols and power-sensors — to shut down around 14,000 illicit $BTC
Bitcoin mining rigs across the country. The crackdown follows years of widespread electricity theft tied to crypto-mining operations. 💡⚡
⚠️ The scale of the damage is staggering: the national power utility Tenaga Nasional Berhad (TNB) says losses from stolen electricity linked to crypto-mining have already hit over US $1.1 billion.
And the problem isn’t new — between 2018 and 2024, cases of power theft related to mining surged nearly 300 %.
🛑 While mining itself isn’t banned in Malaysia, tapping into the grid without proper metering definitely is — and crackdown efforts are intensifying. Now, even abandoned warehouses, vacant shops or quiet residential houses are being scrutinized if they show suspicious heat or heavy power draw.
What does this mean for crypto users & miners worldwide?
🔎 Regulators are tightening the net — illegal mining is becoming riskier.
⚙️ Legit miners may face more scrutiny or pressure if their electricity consumption rises significantly.
⚠️ For holders or new investors — increased enforcement could impact supply, mining rate, and overall sentiment around BTC mining in Southeast Asia.
💬 Thoughts? Do you see this leading to a more globally coordinated crackdown on illegal mining — or just pushing miners to countries with weaker regulations?