Close Menu
Cryprovideos
    What's Hot

    BloFin Empowers Users with Coin-Margined Perpetual Trading Solution

    June 27, 2025

    U.S. Authorities to Move Crypto Market Laws by September 2025: Right here is What We Know ‣ BlockNews

    June 27, 2025

    Is Bitcoin a Missed Alternative? This Billionaire Begins to Marvel

    June 27, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Thailand seizes 63 unlawful crypto mining rigs that stole over $327k in electrical energy
    Thailand seizes 63 unlawful crypto mining rigs that stole over 7k in electrical energy
    Crypto News

    Thailand seizes 63 unlawful crypto mining rigs that stole over $327k in electrical energy

    By Crypto EditorMarch 16, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Officers of Thailand’s Central Investigation Bureau (CIB) seized 63 unlawful crypto mining machines on Friday, in response to a report by The Nation. The unlawful crypto mining rigs, price round 2 million baht ($60,000), had been present in three deserted homes within the Pathum Thani province.

    Officers performed a raid after locals of the area complained about unidentified people stealing electrical energy from the area’s utility poles and transformers. The locals suspected that the stolen electrical energy was getting used for cryptocurrency mining operations hidden in deserted buildings.

    Crypto mining requires huge quantities of electrical energy. Authorities estimate that the illicit mining rigs prompted losses price over 11 million baht (over $327 million) to the Metropolitan Electrical energy Authority.

    The unlawful mining rigs had been managed remotely

    Police officers mentioned that together with the mining rigs, additionally they confiscated three crypto mining controllers, three routers, three web sign boosters, three modified electrical energy metres, a desktop laptop, a laptop computer laptop, and two financial institution passbooks. No arrests had been made because the mining operations had been being managed remotely.

    Officers discovered proof, nonetheless, that the illicit operation had ties to a luxurious home in Ram-Indra Soi 65 in Bangkok’s Khan Na Yao district. The CIB officers have requested a search warrant to raid the linked residence and find the ring chief and different accomplices.

    Authorities famous that apart from inflicting damages to the electrical energy division, the unlawful mining rigs additionally posed a serious hearth hazard. It’s because the operations utilized excessive quantities of energy however had no human monitoring.

    Thailand has been plagued with unlawful mining operations

    Bitcoin miners are handled as producers in Thailand and are topic to related taxes. Nonetheless, unlawful crypto mining has been a rampant drawback throughout Thailand and Southeast Asia for years.

    In a raid performed in January, authorities seized 996 unlawful Bitcoin (BTC) mining rigs from the Phanat Nikhom district in Thailand.

    In November 2024, authorities shut down 9 unlawful Bitcoin mining farms within the Surat Thani province. The farms had been estimated to have stolen electrical energy price almost $300,000.

    Equally, in August, authorities raided a city west of Bangkok and located proof of unlawful crypto mining after locals complained about energy outages.

    Thailand seizes 63 unlawful crypto mining rigs that stole over 7k in electrical energyThailand seizes 63 unlawful crypto mining rigs that stole over 7k in electrical energy



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    U.S. Authorities to Move Crypto Market Laws by September 2025: Right here is What We Know ‣ BlockNews

    June 27, 2025

    XRP Value Declines Again To $2 As Authorized Dispute With SEC Continues

    June 27, 2025

    Bybit Expands World Attain with Credit score Card Crypto Purchases in 25+ Currencies and Cashback Rewards – The Day by day Hodl

    June 27, 2025

    Crypto heists attain $2.1B to date in 2025 as state-backed hackers ramp up assaults

    June 27, 2025
    Latest Posts

    Is Bitcoin a Missed Alternative? This Billionaire Begins to Marvel

    June 27, 2025

    5 Finest Meme Cash to Purchase Earlier than The Subsequent Bitcoin Bull Run

    June 27, 2025

    Bitcoin Whales Again as Wallets Hit 3-Month Excessive, Will Worth Comply with?

    June 27, 2025

    Kraken Secures MiCA License To Provide Bitcoin And Crypto In Europe

    June 27, 2025

    Coinbase Inventory Hits ATH as Brian Armstrong Buys Bitcoin Weekly: Time for BTC Bull Token?

    June 27, 2025

    Is 0.1 Bitcoin the New American Dream? CZ, Saylor, and Pulte Assume So

    June 27, 2025

    5 Finest Cryptos to Purchase Now – Solana, Kangaroon, SwissBorg, BTC Bull, Mixie

    June 27, 2025

    FHFA Orders To Acknowledge Bitcoin And Different Cryptos In Mortgage Assessments

    June 27, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    $567,390,000 in Liquidations Hits Crypto Markets As Analyst Warns of ‘Bother Space’ for Altcoins – The Each day Hodl

    December 10, 2024

    ai16Z Value Prediction: AI16Z Plummets 19% Amid The Crypto Crash, However Merchants Rush To Purchase This ICO With Time Operating Out

    January 10, 2025

    Stellar Targets 25% Breakout, Solana Exercise Soars, However BlockDAG’s $219.5M Presale Marks It because the Subsequent Huge Crypto for 2025

    April 29, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.