Thailand seizes 63 illegal crypto mining equipment and steals electricity worth over $327,000
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On March 17, officials from the Central Investigation Bureau of Thailand (CIB) seized 63 illegal crypto mining machines last Friday, worth about 2 million baht (US$60,000) and were found in three abandoned houses in Pathun Thani Province. Local residents complained that unidentified people stole electricity from telephone poles and transformers in the area, and officials followed up with a raid. Locals suspect that stolen electricity is being used for cryptocurrency mining operations hidden in abandoned buildings. Investigators estimate that the stolen electricity from the three houses due to crypto mining will cause more than 11 million baht ($327,000) to the power bureau.