Bitcoin News Update: Malaysia Faces $1 Billion Electricity Theft Scandal as Secret Crypto Mining Operations Jeopardize Power Grid Stability
- Malaysia's TNB confirmed $1.1B electricity losses from 13,827 illegal crypto mining sites (2020-2025), threatening grid stability and economic security. - 300% surge in power theft cases (2018-2024) involves bypassing meters, hidden warehouses, and industrial cooling to evade detection. - TNB deployed smart meters, real-time monitoring, and targeted raids, seizing 900 Bitcoin machines worth $482K in 2024. - Government considers licensing frameworks and energy pricing reforms to formalize crypto mining am
Malaysia’s state-owned power provider, Tenaga Nasional Berhad (TNB), has reported that illegal cryptocurrency mining has led to electricity revenue losses surpassing $1.1 billion from 2020 through August 2025. The Ministry of Energy
These unauthorized mining activities typically involve tampering with meters or making illegal connections to the power grid, practices
In response, TNB has
The financial and infrastructure dangers posed by unchecked theft have spurred policy action. The Ministry of Energy
On a global scale, Malaysia’s situation is similar to that of other nations with subsidized power, like Iran, Russia, and Paraguay,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: Institutional Investments in Bitcoin Face Challenges from DeFi’s Unused Liquidity and Security Issues
- DeFi faces $12B liquidity crisis with 95% capital unused, while Aerodrome Finance suffered DNS hijacking attacks exploiting front-end vulnerabilities. - Bitcoin's price drop below $90,000 triggered $1.425B ETF outflows, contrasting Harvard's $218M Bitcoin/gold investment as inflation hedge. - SEC accelerates crypto ETF approvals as Bitwise's XRP ETF launches, while Spark shifts focus to institutional infrastructure over retail apps. - Market turbulence highlights DeFi's security flaws and liquidity chall

Bitcoin News Update: Japan to Integrate Cryptocurrency with Conventional Finance in 2026 Reserve Requirement
- Japan's FSA will mandate crypto exchanges to hold reserves covering customer losses from hacks or breaches via 2026 legislation. - Reserve amounts will depend on trading volumes and historical risks, with insurance allowed to offset obligations. - The move aligns with global crypto regulations like EU's MiCA and aims to treat digital assets as formal financial products. - While enhancing investor protection for Japan's 12M crypto accounts, critics warn smaller exchanges may struggle with compliance costs

DASH drops 22.6% over the past week following insider stock sales
- DASH fell 22.6% over seven days amid insider sales and tax-related share surrenders. - Executives Adarkar and Sherringham sold shares via SEC-approved 10b5-1 plans through Morgan Stanley . - Directors Fang and Tang surrendered 2,505 shares ($491k total) to cover tax liabilities from equity compensation. - Insider activity reflects routine compliance measures, not bearish sentiment, as DASH approaches earnings release.

Stablecoin Market Exceeds $280B as ECB Warns of Potential Systemic Risks
- Stablecoin market exceeds $280B, driven by regulatory clarity and institutional adoption, capturing 8% of crypto assets. - ECB warns of systemic risks from stablecoin concentration, de-pegging events, and mass redemption "runs" threatening global markets. - USDC overtakes USDT in onchain activity due to regulatory alignment, with Circle's market cap rising 72% YTD to $74B. - ECB calls for global regulatory coordination to address cross-border arbitrage gaps and prevent destabilizing retail deposit shifts
