Malaysian authorities destroy over 1000 crypto mining rigs with a steamroller By BTC Peers

Malaysian authorities destroy over 1000 crypto mining rigs with a steamroller

Over 1,000 mining rigs have been confiscated and destroyed by the Malaysian Police. Interestingly, instead of employing an orthodox method to destroy the machines, the officers opted to run over the seized ASIC miners with a steamroller.

According to the Malaysian newspaper Dayak Daily, the mining rigs were seized over six raids conducted between February and April this year. The owners of the rigs were reportedly accused of electricity theft that caused a $2 million loss for Sarawak Energy, the electric utility company of the Sarawak province in Malaysia.

The impounded machines were destroyed this week by Malaysian authorities in the most remarkable fashion. Officials laid them all out in a parking lot at police headquarters and ran them over with a steamroller.

While the move appears to be very bizarre, it sends out a clear message to crypto miners operating illegally in the country. Eight people have already been arrested in relation to the crime, six of whom have been officially charged for electricity theft. They face fines of almost $2,000 and up to eight months in prison.

Similar raids have been carried out in Ukraine and Iran, where blackouts and electricity theft led to authorities clamping down on miners. Recall that the Iranian government placed a temporary ban on Bitcoin mining for similar energy usage concerns.

Continue reading on BTC Peers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button