Malaysian police steamroll $1.25 million value of bitcoin mining rigs
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 legislation enforcement within the metropolis of Miri and electrical utility Sarawak Vitality.
Assistant Commissioner of Police Hakemal Hawari informed CNBC the crackdown got here after miners allegedly stole $2 million value of electrical energy siphoned from Sarawak Vitality energy traces.
A video of the occasion posted final week by native Sarawak information outlet Dayak Every 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 tools.
Police opted to crush the mining gear moderately than promote it, in accordance with a court docket order. Different international locations, like China, have taken a distinct route,