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Illegal Crypto Mining Costs Malaysia US$1.11B, TNB Confirms Massive Power Theft

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Story Highlights* Malaysia reports $1.1 billion in losses from large-scale electricity theft linked to illegal crypto mining.

  • Authorities warn that underground mining farms are rising, exploiting weak enforcement and subsidised power.
  • New regulations and stricter crackdowns are expected as Malaysia targets crypto-related fraud, scams, and energy misuse.
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