Malaysia’s Tenaga Nasional Berhad (TNB) has reported a significant fourfold increase in electricity theft linked to illegal crypto mining, with cases rising from 610 in 2018 to 2,397 in 2024.

This surge underscores concerns for Malaysia’s electricity infrastructure and financial stability, with regulatory agencies intensifying crackdowns on illegal mining operations across the nation.

Electricity Theft in Malaysia Triples Since 2018

Tenaga Nasional Berhad (TNB), Malaysia’s largest electricity utility provider, reported a 300% increase in electricity theft tied to illegal crypto mining since 2018. This highlights an ongoing challenge for national infrastructure and financial resources.

In collaboration with the Energy Commission and other bodies, TNB launched joint raids nationwide. These efforts are aimed at halting illegal mining operations, protecting the stability of Malaysia’s power grid from tampering and related issues.

Financial Toll of Illegal Crypto Mining on TNB

Illegal crypto mining has resulted in significant financial losses for TNB. The illicit activity involved tampering with smart meters, imposing high bills on property owners, stressing Malaysia’s power grid infrastructure.

These events have not notably impacted cryptocurrency markets on a global scale. Enforcement actions have primarily affected local power grids, highlighting the need for further technological advancements in anti-theft detection measures.

The number of complaints reflects increasing public awareness of reporting on illicit crypto mining activities. — Tenaga Nasional Berhad (TNB), Official Spokesperson, TNB

Comparative Study: Malaysia and Global Energy Theft

Malaysia joins a list of countries, including China and Iran, facing similar energy theft issues. Previous cases led to regulatory measures but did not completely eradicate such activities, indicating systemic challenges in curbing illegal mining.

Expert analysts from Kanalcoin suggest continuous technological improvements and regulatory cooperation could reduce illegal mining. Past findings emphasize the need for strategic solutions to sustain Malaysia’s energy infrastructure.

Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.

The post Malaysia’s TNB Sees Fourfold Rise in Illegal Crypto Mining appeared first on Kanalcoin.

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Filed under: News - @ May 12, 2025 7:26 pm