Darling, Malaysia’s darling utility, Tenaga Nasional Bhd (TNB), has been robbed blind-to the tune of a cool billion dollars-by those naughty crypto miners with sticky fingers and a penchant for free electricity. How frightfully modern!
A parliamentary confession this week revealed a positively Dickensian scene: 14,000 premises caught red-handed fiddling with meters like amateur magicians since 2020. One does wonder if they’ve considered simply paying their bills like civilized people.
⚡ The Great Crypto Caper
The Energy and Water Transformation Ministry (such a mouthful, darling) gasped that RM4.6 billion-that’s $1.106 billion for those who don’t speak monopoly money-has vanished into the ether, all thanks to these digital prospectors. And here we thought gold rushes were so last century.
Authorities, in a rare moment of coordination, have unleashed TNB, the police, the communications regulator, and even the anti-corruption commission-like a particularly bureaucratic Avengers-to raid these dens of digital delinquency. One imagines the miners didn’t see that coming. Or perhaps they were too busy counting their imaginary coins.
TNB, ever the diligent school prefect, has even created a little blacklist of naughty addresses, because nothing says “we’re watching you” like a centralized database of your crimes. Inspectors now have a handy guide to sniff out abnormal power usage-because, really, who needs that much electricity unless they’re hosting a rave or mining Bitcoin?
And as if that weren’t enough, they’re rolling out smart meters-because apparently, the old ones were about as effective as a chocolate teapot. The government insists these measures will curb the financial and operational risks posed by these crypto cowboys. One does hope so-before Malaysia’s power grid collapses under the weight of their audacity.
🔍 The Law Strikes Back
Last August, Malaysian authorities finally decided enough was enough and arrested seven unfortunate souls-three locals and four foreigners-caught running illegal BTC operations. Police confirmed they had no prior criminal records, which only proves that crime doesn’t pay… unless you’re very bad at it.
Investigators seized 52 mining rigs worth RM250,000-though one suspects the miners would’ve preferred keeping their equipment and their freedom. Police cheerfully reminded everyone that electricity theft carries fines up to RM100,000 and possible jail time. A stern warning for anyone who thought freeloading was a victimless crime.
The arrests followed similar raids in Sarawak, where two sites were caught stealing RM30,000 in electricity monthly-enough to power a small village or, apparently, 120 very loud, very hot mining machines. One does wonder what they’ll do with all that confiscated hardware-perhaps start their own blockchain?
Read More
- UNI PREDICTION. UNI cryptocurrency
- APT PREDICTION. APT cryptocurrency
- EUR IDR PREDICTION
- EUR PHP PREDICTION
- USD PHP PREDICTION
- EUR THB PREDICTION
- SPX PREDICTION. SPX cryptocurrency
- ICP PREDICTION. ICP cryptocurrency
- EUR AED PREDICTION
- Gold Rate Forecast
2025-11-24 07:55