Malaysian police steamroll $1.25 million price of bitcoin mining rigs
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div class=”group”>Name it a crypto crackdown — actually.
Malaysian authorities seized 1,069 bitcoin mining rigs, laid them out in a parking zone at police headquarters, and used a steamroller to crush them, as a part of a joint operation between regulation enforcement within the metropolis of Miri and electrical utility Sarawak Power.
Assistant Commissioner of Police Hakemal Hawari advised CNBC the crackdown got here after miners allegedly stole $2 million price of electrical energy siphoned from Sarawak Power energy strains.
A video of the occasion posted final week by native Sarawak information outlet Dayak Day by day has since gone viral on social media.
Performing on a tip, authorities on the island of Borneo confiscated the rigs in six separate raids between February and April. In complete, police destroyed about $1.26 million of mining gear.
Police opted to crush the mining gear relatively than promote it, in accordance with a court docket order. Different international locations, like China, have taken a unique route, <a href=”https://twitter.com/AutomobilN