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Illegal crypto mining operators in Malaysia have stolen $723 million worth of electricity between 2018 and 2023. Malaysia’s Deputy Minister of Energy Transition and Water Transformation, Akmal Nasrullah Mohd Nasir, revealed this during an event where approximately $467,000 worth of seized items, including Bitcoin mining machines and electrical equipment, were destroyed. Nasir emphasized that these illicit mining operations not only harm Malaysia’s state-controlled power operator but also impact local communities in affected areas.
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