Malaysia's national power company lost more than $100 million due to illegal bitcoin mining and other electricity theft

Malaysia's National Electricity Corporation (TNB) has lost more than 440 million ringgit (about $101 million) to electricity theft since 2020, and 103 million ringgit so far this year, said Suhai Rizain, director of criminal investigations in Bukit Aman, Malaysia. Illegal bitcoin mining is behind most of the cases.