Mayasia Hit By $1B Power Theft as Illegal Crypto Miners Drain the Grid
Malaysian authorities launched coordinated raids after discovering massive meter tampering by mining operators across thousands of premises since 2020.
Malaysia’s electric utility provider Tenaga Nasional Bhd (TNB) revealed that it has suffered losses of more than $1 billion due to increased electricity theft linked to cryptocurrency mining over the past four years.
A parliamentary filing this week revealed that nearly 14,000 premises were found to have tapped power illegally since 2020, with operators bypassing or tampering with meters to run mining equipment without detection.
Crypto Mining Crisis
The Energy and Water Transformation Ministry said the scale of…
