Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Perak police seize 48 bitcoin mining machines in Seri Iskandar power theft raid

IPOH, Nov 11 — A total of 48 units of cryptocurrency (bitcoin) mining machines were seized by the police in an ope...

Perak police seize 48 bitcoin mining machines in Seri Iskandar power theft raid

IPOH (Nov 11) — Perak police have confiscated 48 bitcoin mining machines in a recent operation targeting illegal electrical connections used for cryptocurrency mining at a residential area in Seri Iskandar, according to Supt Hafezul Helmi Hamzah, the chief of the Perak Tengah district police headquarters. The Criminal Investigation Division of the IPD collaborated with Tenaga Nasional Berhad (TNB) engineers to execute the raid.

The seized equipment included the mining machines, two fast ethernet switches, a router, and a roll of cut electrical cable. The investigation is being conducted under Section 427 of the Penal Code and Section 31(1) of the Electricity Supply Act 1990. The police emphasized the gravity of illegally connecting electrical supply for cryptocurrency mining, as it not only violates the law but also incurs financial losses for utility providers and poses risks to public safety, including potential fire hazards.

In light of this, the police urged the public to refrain from engaging in any illegal activities and encouraged them to report any suspected cryptocurrency mining operations involving electricity theft to the authorities.

Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at malaymail.com →

More in Finance & Markets

3 Magnificent Dividend Stocks Yielding 4% or More to Buy in November

These three blue chip dividend stocks offer higher yields while standing out in terms of dividend coverage and growth.

  • PepsiCo, a Dividend King, offers 4.2% yield with 69% payout ratio
  • Pfizer has raised dividend for 16 years, yields 5.8% with 56.5% payout ratio
  • AT&T's dividend remains intact at 4.5%, trading at 9x forward earnings

More from Wednesday 11 November →