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Malaysia’s Largest Energy Firm Reports 300% Surge in Crypto-Linked Power Theft
Malaysia’s Largest Energy Firm Reports 300% Surge in Crypto-Linked Power Theft
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Malaysia’s national utility giant Tenaga Nasional Berhad (TNB) reveals a 300% increase in electricity theft cases tied to illegal cryptocurrency mining operations since 2018. The surge coincides with growing crypto adoption nationwide.
Authorities have shuttered multiple illicit mining facilities through joint operations with TNB. Some landlords face staggering bills exceeding $278,000 after tenants secretly installed mining rigs. The utility attributes the spike in reported cases to heightened public awareness of crypto-related power theft.
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