Malaysia Seizes Over 75,000 Crypto Mining Rigs in Power-Theft Crackdown

Malaysian authorities have been cracking down on crypto miners illegally siphoning electricity from the national grid, seizing over 75,000 mining rigs in a series of more than 3,000 raids since 2022, resulting in 629 arrests. This crackdown highlights the country's efforts to combat energy theft and its broader implications for national grid stability and energy costs. The move underscores a global trend where governments are stepping up to regulate the crypto industry's environmental and energy impacts.