Kedah cops nab seven for suspected bitcoin mining activities

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Kedah police have seized over 3,000 bitcoin mining machines worth an estimated RM3.2mil in a crackdown against illegal bitcoin mining activities, which also resulted in the arrest of seven suspects.

Kedah police have seized over 3,000 bitcoin mining machines worth an estimated RM3.2mil in a crackdown against illegal bitcoin mining activities. — Bloomberg

"Op Letrik TNB Bitcoin was launched nationwide in 2020 and, so far, Kedah police have successfully seized 5,948 bitcoin machines through 85 raids, with the total seizure estimated at RM6.6mil. Wan Hassan said the current price for a unit of mining machine was between RM1,000 and RM1,500, with each of unit using an estimated electricity supply worth between RM400 and RM500 a month through 24-hour activation.

 

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Kedah cops nab seven for suspected bitcoin mining activities | Malay MailALOR SETAR, Jan 31 — Police have arrested seven individuals suspected of being involved in bitcoin mining activities from January 19 until today through Op Letrik Tenaga Nasional Berhad (TNB) Bitcoin. Kedah Police chief CP Wan Hassan Wan Ahmad said they also seized 3,245 bitcoin mining machines,... It isn't illegal to mine bitcoins. Totally misleading headline. I have asked before. Where are the coins from the operation? Why were the coins not registered as seized items? Who pocketed the coins worth millions of dollars?
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