Malaysian Authorities Seized $13M Worth Crypto Mining Equipment in 2021: Report

Right after China slapped a ban on Bitcoin (BTC) mining, the operations have started to spread worldwide and invade not-so-friendly territories. In Malaysia, illegal crypto mining operations are at a record high.
Drastic Rise in Bitcoin Mining
Bukit Aman Criminal Investigation Department (CID) chief Datuk Seri Abd Jalil Hassan revealed that in 2021 alone, Malaysia had 570 investigation papers opened, 528 people arrested, and around $13 million worth of mining equipment seized.
According to the report by Malay Mail, only 20 papers were opened, 26 individuals were arrested, and about $301K worth of equipment was seized. All in all, from 2020 to 2021, there has been a rise of an astonishing 4,200% increase with respect to confiscated items.
The chief reportedly pointed out that the majority of the suspects were between the age of 18 to 30 years old, who he believes to have been lured by the promise of high returns. Interestingly, the oldest offender is 61 years old.
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