Officers of Thailand’s Central Investigation Bureau (CIB) seized 63 unlawful crypto mining machines on Friday, in keeping with a report by The Nation. The unlawful crypto mining rigs, value 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 value over 11 million baht (over $327 million) to the Metropolitan Electrical energy Authority.
The unlawful mining rigs had been managed remotely
Police officers stated 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 moreover inflicting damages to the electrical energy division, the unlawful mining rigs additionally posed a significant hearth hazard. It is 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 downside 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 value 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.
