CandleFocus Thai authorities bust Bitcoin mining rigs, charges two over $280k theft: report
2024-11-13
Author: Content Editor
Thai authorities have shut down nine illegal Bitcoin mining operations and arrested two suspects for electricity theft valued at over $280,000. The investigation began when a local resident reported suspicious activity at a vacant house, which turned out to be an illicit Bitcoin mining facility. The authorities discovered modified electricity meters that were used to bypass legal power consumption. Illegal mining in Thailand remains a persistent issue, despite the country's efforts to establish a regulatory framework and attract crypto businesses. Thailand has been recognized as one of the top 20 markets for Binance, with a higher crypto penetration rate than the global average.
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