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Malaysia Reports 300% Surge in Crypto-Linked Electricity Theft Over Six Years

Nationwide raids and smart meter technology are being deployed to combat illegal mining operations that have destabilized the power grid and cost utilities millions.

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Overview

  • Illegal electricity theft cases tied to crypto mining rose from 610 in 2018 to 2,397 in 2024, marking a nearly 300% increase, according to Tenaga Nasional Berhad (TNB).
  • Authorities have conducted joint raids since 2020, shutting down thousands of unauthorized mining setups and addressing grid instability caused by illicit operations.
  • TNB has expanded its smart meter network, enabling real-time monitoring to detect abnormal consumption patterns and prevent future theft.
  • Property owners have faced exorbitant electricity bills, with some as high as RM1.2 million ($278,400), after tenants set up illegal mining rigs without their knowledge.
  • TNB is advocating for stricter enforcement of Malaysia's Electricity Supply Act, which imposes fines up to RM1 million ($212,000) or 10 years in prison for tampering with electrical installations.