Bitcoin crime increased drastically in 2021, say PDRM

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570 investigation papers opened, 528 people arrested and RM54mil worth of equipment and items seized.

Police crushed equipment seized from illegal bitcoin mining operations, which skyrocketed in 2021, with RM54mil worth of equipment seized last year. — Bernama

"The majority of those arrested were aged 18 to 30 years, believed to be easily influenced simply because of the promise of lucrative income, while the oldest suspect was aged 61. Statistically, Selangor, Kuala Lumpur, Perak and Penang registered the highest number of illegal bitcoin mining cases as the offenders would take advantage of the large number of industrial areas in these states for the activity since it uses a lot of electricity.

Meanwhile, Wan Nazmy said a total of 7,209 cases of electricity theft involving bitcoin mining premises were recorded over a period of three years from 2018.

Source: Digital Coin News (digitalcoinnews.net)

 

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