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Malaysia Sees 300% Rise in Crypto-Linked Power Theft, Authorities Ramp Up Crackdown

Tenaga Nasional Berhad reports 2,397 cases of electricity theft tied to illegal crypto mining, prompting expanded smart meter use and stricter enforcement measures.

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Overview

  • Electricity theft cases in Malaysia surged from 610 in 2018 to 2,397 by the end of 2024, driven by illegal crypto mining operations.
  • Nationwide raids conducted by TNB, police, regulators, and other agencies have dismantled an average of 2,300 illegal mining rigs annually since 2020.
  • Illegal miners have exploited Malaysia's heavily subsidized electricity, costing TNB hundreds of millions and destabilizing the power grid.
  • TNB has expanded its smart meter network for real-time monitoring of electricity consumption to detect tampered or bypassed meters.
  • Authorities are advocating stricter enforcement of the Electricity Supply Act, which imposes fines up to RM1 million and prison terms of up to 10 years for tampering with the grid.