Malaysia’s $1 Billion Crypto Mining Scandal: How Electricity Thieves Fueled Illegal Bitcoin Operations

Introduction to a Shocking Crypto Heist

In the fast-growing world of cryptocurrency, big money often leads to big crimes. Imagine thieves not stealing cash or gold, but sucking up electricity to power secret machines. That’s exactly what happened in Malaysia. Officials are now cracking down on a massive scheme that cost the country’s top utility company over in losses. This story reveals the dark side of crypto mining and why governments are fighting back.

What Happened in Malaysia?

Tenaga Nasional Bhd (TNB), Malaysia’s main power provider, lost more than $1 billion USD from 2020 to August 2025. The culprit? Thousands of hidden spots across the country where people stole electricity to mine crypto, especially Bitcoin.

These illegal…

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