ChainCatcher news, the Thai police have shut down a Bitcoin mining operation that is estimated to have stolen approximately $3 million worth of electricity. The mining site is located in the Phanat Nikhom district of Chonburi province in eastern Thailand, and the operation involved more than 1,000 machines. Although authorities could not provide an exact figure for the theft, its value could reach "hundreds of millions of baht."Miners tampered with the electricity meters of the Provincial Electricity Authority (PEA) to redirect power to their machines. An unidentified worker at the site told police that the electricity theft only occurred at night, while the meters were used correctly during the day to avoid detection.

ChainCatcher news, the director of the Criminal Investigation Department of Bukit Aman, Su Haizir, stated that since 2020, Tenaga Nasional Berhad (TNB) has lost over 440 million ringgit (approximately 101 million USD) due to electricity theft, with losses amounting to 103 million ringgit so far this year. Illegal Bitcoin mining is the main culprit behind most of the cases. (thestar)

ChainCatcher news, according to Decrypt, Malaysian officials crushed 985 Bitcoin mining devices on Monday as part of a nationwide crackdown on electricity theft related to cryptocurrency miners.Videos circulating show a heavy roller slowly rolling over the mining equipment in an attempt to crush it. This operation destroyed equipment worth approximately $450,000.Malaysian officials are working to combat electricity theft, which is why the seized mining devices were destroyed.

ChainCatcher news, according to News.bitcoin, the Paraguayan Senate has passed a series of reforms that change the penalties for energy theft related to cryptocurrency mining. Now, individuals and companies found stealing energy for cryptocurrency mining activities will face up to 10 years in prison, while energy theft for other purposes will face a maximum penalty of 3 years.