Malaysia Seizes Over 75,000 Crypto Mining Rigs in Power-Theft Crackdown
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Malaysian authorities seize over 75,000 crypto mining rigs in a power-theft crackdown, following more than 3,000 raids since 2022 that have resulted in 629 arrests. Miners are being targeted for siphoning electricity from the national grid, highlighting a growing concern about crypto mining's environmental impact and potential strain on energy resources worldwide.
More than 3,000 raids since 2022 have led to 629 arrests, as authorities target miners siphoning electricity from the national grid.