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    Indonesian Authorities Crack Down on Bitcoin Miners Stealing Electricity From National Grid

    December 29, 2023Updated:December 29, 2023No Comments1 Min Read

    Indonesian authorities raided ten sites suspected of mining bitcoin with stolen electricity from the national grid over the Christmas weekend.

    Although Indonesia is a fast-growing crypto adopter, it’s not exactly known as a hub for mining.

    However, under Indonesian law, electricity theft is considered a criminal offense with a penalty of up to five years in prison or a fine of up to twice the value of the unpaid electricity.

    Indonesia’s neighbor Malaysia has made several arrests in relation to electricity theft by crypto miners, but this is among the first reported cases in Indonesia.

    At the raided sites in Medan, North Sumatra, authorities found 1,314 bitcoin rigs, and 26 individuals were detained.

    The suspects allegedly stole electricity by tapping into utility poles of state-owned electricity company PLN poles over the past six months, worth around 14.4 billion Indonesian rupees ($100,000) in losses to the state.

    Sandali Handagama contributed reporting.

    This news is republished from another source. You can check the original article here

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