Thai Examiner
Electricity firm lost 280 million baht in stolen power to organised crime bitcoin mining gang says PM
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A suspected bitcoin mining empire powered by stolen electricity has been dismantled after DSI raids seized 1,900 machines. More than ฿280 million in power was stolen as investigators hunt the criminal network behind it and potentially other exploits.
Key facts
- Electricity bills of just ฿25,000 exposed bitcoin mining fraud costing the state ฿280 million
- Single bitcoin can consume electricity worth ฿620,000 as police trace mining network finances
- Detectives uncovered more than ฿280 million in stolen electricity and have launched a widening hunt for the financiers behind the organised criminal network
- A suspected bitcoin mining empire powered by stolen electricity has been dismantled after DSI raids seized 1,900 machines
- Thailand has uncovered one of its biggest suspected cryptocurrency power theft operations after investigators seized 1,900 bitcoin mining machines
- Officers seized about 1,900 bitcoin mining machines after tracing stolen electricity worth more than ฿280 million.
Summary
Thailand has uncovered one of its biggest suspected cryptocurrency power theft operations after investigators seized 1,900 bitcoin mining machines. Detectives uncovered more than ฿280 million in stolen electricity and have launched a widening hunt for the financiers behind the organised criminal network.
The Department of Special Investigation (DSI) has uncovered one of Thailand’s biggest suspected cryptocurrency power theft operations. Officers seized about 1,900 bitcoin mining machines after tracing stolen electricity worth more than ฿280 million.