Malaysia's national energy company disclosed that illegal cryptocurrency mining has led to a surge in electricity theft, with an increase of 300%
ChainCatcher news, according to Decrypt, the Malaysian national energy company (Tenaga Nasional Berhad) issued a statement on May 12, 2025, stating that from 2018 to 2024, the number of electricity theft cases related to illegal cryptocurrency mining in the country surged from 610 to 2,397, an increase of 300%. These acts of stealing subsidized electricity by tampering with meters have severely impacted grid stability and resulted in losses of hundreds of millions of dollars for the company.Recently, Malaysian authorities launched a nationwide joint law enforcement operation, seizing multiple illegal mining cases, including a raid in Bandar Alam City where 45 Bitcoin mining machines were confiscated. To address this issue, the energy company has deployed a smart meter network to monitor abnormal electricity usage in real-time, and under the Electricity Supply Act, illegal activities can be punished with up to 10 years in prison or fines of $212,000.Data shows that some property owners received electricity bills as high as $278,400 due to tenants setting up mining machines. Similar situations have also occurred in countries like Kuwait, where over 1,000 illegal mining sites were shut down last month, and this week, investigations were launched against 116 individuals. These activities have led to a sudden increase in pressure on the local grid and caused widespread power outages.