‘Challenge to our system’: Malaysia cracks down on illegal Bitcoin mining; power theft losses reach $1.1 billion

Malaysia is intensifying its crackdown on illegal Bitcoin mining, uncovering thousands of illicit sites and billions in power theft losses. A new cross-agency taskforce is coordinating efforts to combat rogue operators. Authorities are employing advanced tactics like drones and sensors to detect these operations, which pose significant risks to the nation’s power infrastructure.