Malaysian law enforcement agencies recently conducted a large-scale crackdown on illegal cryptocurrency mining activities. The police in the Teluk Intan area of Perak state carried out three raids within just two days, seizing a total of 41 devices suspected of being used for illegal mining.
Hilir Perak police chief Bakri Zainal Abidin revealed details of the operations: the first raid took place on Friday evening, during which 24 devices were confiscated; followed by two consecutive operations early Saturday morning, which recovered 9 and 8 devices respectively. These centralized enforcement actions indicate a clear increase in regulatory efforts against illegal mining activities locally.
Illegal mining has long been a persistent problem plaguing the global cryptocurrency ecosystem—it not only causes massive electricity waste but also leads to illegal issues such as electricity theft and electricity fraud. Malaysia’s high-density crackdown reflects the growing emphasis in Southeast Asia on maintaining order within the cryptocurrency industry. For legitimate mining companies and exchange ecosystems, such law enforcement actions undoubtedly help purify the market environment.
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AirdropHunter007
· 01-11 01:48
It's another raid on mining machines. This routine really never ends.
Miners really should reflect; not every place can be casually operated.
What does inspecting 41 machines mean? I just want to ask how the regular forces view this.
Southeast Asia is indeed getting stricter, but on the other hand, can the electricity costs for black mining be pushed so low?
Cleaning up is also good; it's better than watching the entire ecosystem be slowly drained by vampires.
This time, the crackdown was quite fierce—three rounds of raids over a weekend. My impression is that someone must have reported it.
Malaysia is now cracking down so aggressively that I suspect neighboring countries are about to start taking action too.
The regular forces are relieved, finally someone is standing up for us, haha.
Those 41 machines are probably all modified units; otherwise, they wouldn't have been caught so centrally.
Every time I see this kind of news, I wonder—how are those electricity invoices issued? It's just too outrageous.
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BearMarketHustler
· 01-11 01:28
41 devices were directly confiscated. Malaysia is serious this time.
Stealing electricity for mining should have been addressed long ago. Wasting electricity and polluting the environment.
The official forces can finally breathe a sigh of relief. This round of inspections is actually a positive for the industry.
Three raids in two days, the efficiency is really high...
Illegal mining should be punished severely. The legitimate industry has been exploited for so long.
Huh? Why does it feel like the crackdown is suddenly so intense? Is there some signal behind it?
Regulations in Southeast Asia are becoming stricter and stricter. We need to find ways to adapt to the new environment.
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SigmaBrain
· 01-11 01:28
Another wave of mining rig seizures... Malaysia really isn't holding back here.
Illegal mining definitely needs to be cracked down on, but how can legitimate operations operate if they keep inspecting like this...
They dare to promote with just 41 units, feels like just the tip of the iceberg.
Stealing electricity is truly outrageous, but I'm a bit curious why people take such risks when local electricity rates are so high.
Conduct thorough inspections to prevent those black-hearted mining farms from damaging the ecosystem.
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APY_Chaser
· 01-11 01:27
This move by Malaysia is still a bit tough; 41 machines confiscated in two days. It seems that this area really needs to be regulated.
Stealing electricity for mining is indeed disgusting, raising electricity costs for the entire society, with ordinary people footing the bill...
Is the spring for the official forces coming?
The show must go on.
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TxFailed
· 01-11 01:23
ngl, 41 rigs in two days? that's the kind of cleanup we actually needed... technically speaking these ops hit different when they're coordinated like that. edge case alert for anyone still thinking the power grid won't snitch on you lmao
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BakedCatFanboy
· 01-11 01:08
Haha, they're mining machines again. This time Malaysia is really aggressive.
Speaking of illegal mining, it definitely should be addressed, but electricity costs are the real issue, right?
This move by Malaysia relieves pressure on the legitimate miners. I’m optimistic.
Wait, what happened to the 41 machines in the end? Will they be auctioned off?
I mentioned this on Twitter last year; it's bound to happen sooner or later.
Legitimate miners should be secretly happy; the market is finally getting clearer.
Malaysian law enforcement agencies recently conducted a large-scale crackdown on illegal cryptocurrency mining activities. The police in the Teluk Intan area of Perak state carried out three raids within just two days, seizing a total of 41 devices suspected of being used for illegal mining.
Hilir Perak police chief Bakri Zainal Abidin revealed details of the operations: the first raid took place on Friday evening, during which 24 devices were confiscated; followed by two consecutive operations early Saturday morning, which recovered 9 and 8 devices respectively. These centralized enforcement actions indicate a clear increase in regulatory efforts against illegal mining activities locally.
Illegal mining has long been a persistent problem plaguing the global cryptocurrency ecosystem—it not only causes massive electricity waste but also leads to illegal issues such as electricity theft and electricity fraud. Malaysia’s high-density crackdown reflects the growing emphasis in Southeast Asia on maintaining order within the cryptocurrency industry. For legitimate mining companies and exchange ecosystems, such law enforcement actions undoubtedly help purify the market environment.