Electricity Rapotou. There Tenaga Naséal Berhad (TNB) is the largest national electricity company in Malaysia. The latter sounds the alarm by signaling a 300 % dramatic increase in electricity flights linked to illegal bitcoin and cryptocurrency mining activities Over the past six years. This increase is attributed to cryptocurrencies illegal and thieves which siphon subsidized electricity by manipulating or bypassing the meters.
- There Tenaga Naséal Berhad reported a spectacular increase of 300 % of electricity flights in Malaysia due to the illegal cryptocurrency mining.
- Malaysian authorities have intensified their efforts to dismantle these clandestine installations by launching national raids and installing smart meters.
Electricity thieves who undermine bitcoin are freely free in Malaysia
According to a report of the Tenaga Naséal Berhad commented by Decrypt, the number of cases of electricity flights went from 610 In 2018 at 2,397 in 2024, almost +300% in 6 years.
This increase is attributed to clandestine mining Bitcoin and other cryptocurrencies based on evidence by evidence of work (POW), according to the electricity production and management company in Malaysia.
However, according to local electricity law, thieves can incur a sentence up to 10 years in prison To divert this electrical energy without paying it, as well as until the equivalent of more than 230,000 US fine dollars (1 million Malaysian ringgits).
Malaysian authorities try to stop this electric hemorrhage
To fight against this phenomenon, national raids were launched for dismantle These clandestine cryptocurrency installations, with the assistance of regulators, anti-corruption agents and local councils.
TNB has also widened its network of « Intelligent meters » (Smart Meter) following electricity consumption via radio signals, making it possible to detect in real time unusual consumption.
However, this situation is far from being proper to Malaysia. Other countries, such as Thailand, have also intensified their actions against the clandestine cryptocurrency. Because these flights and embezzlement of the power of the network are a major problem for electricity suppliers. The opposite of Bitcoin mining companies that help balance power on the electricity networkas in Texas.