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Licensed cryptocurrency exchange allegedly stole “hundreds of millions of baht” worth of electricity from suppliers, worth at least $2.88 million.

Thai police and electricity officials have seized 996 Bitcoin mining rigs from a company that allegedly used illegal electricity to run the machines.

The Bitcoin mining rigs were seized at a JIT Co facility in Phanat Nikhom, Chon Buri province, on Jan. 8, according to information from Police Major General Montree Theskhan, head of the Crime Suppression Bureau, reported to the Bangkok Post on Jan. 9.

JIT Co is accused of stealing an estimated “hundreds of millions of baht” worth of electricity, with the lowest amount being around 100 million baht, worth at least $2.88 million at current exchange rates.
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