Malaysia gets out the steamroller as Bitcoin mining stolen electricity issue worsens, Korea’s new ‘exchange closure’ scam. Asia Express
Our weekly roundup of news from Asia curates the industrys most important developments.
Southeast Asia became a Bitcoin mining hotspot after the great China crackdown of 2021. Now authorities in various regions are battling a huge surge in electricity theft used to fuel these mining activities.
This week Malaysian authorities arrested seven individuals suspected of illegally mining Bitcoin using stolen electricity, according to state media outlet Bernama.
