Crypto Gaming Alert: $722M Power Theft Linked to Miners in Malaysia
The Unseen Cost of crypto: A Glimpse into Malaysia's $722 Million Challenge In the realm of the digital age, the relentless pursuit of progress comes with its fair share of hurdles A striking insight from Malaysia unveils a shadowy facet of cryptocurrency mining—a venture that, while lucrative, harbored an illicit underbelly involving the theft of a staggering $722 million worth of electricity over a span from 2018 to 2023 This revelation was brought forth by the country's deputy minister of energy transition and water transformation, shedding light on a pressing challenge in the technology and energy sectors A Deep Dive into the Revelations During a noteworthy event aimed at marking the disposal of over 2,000 pieces of confiscated bitcoin mining equipment, the magnitude of the situation was laid bare It appears that some individuals engaged in cryptocurrency mining opted to bypass the conventional norm of utility meter installation...
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