Crypto Theft Surges in Malaysia Energy

Malaysia Sees 300% Rise in Electricity Theft Due to Crypto Mining

• Electricity theft cases in Malaysia surged from 610 in 2018 to 2,397 by 2024.
• Tenaga Nasional Berhad (TNB) reports a nearly 300% increase in electricity theft linked to illegal crypto mining.
• Unauthorized miners tampered with meters, costing TNB hundreds of millions and destabilizing the grid.
• TNB expanded its smart meter network for real-time detection of unusual electricity consumption.
• Property owners faced bills up to $278,400 due to unauthorized mining rigs set up by tenants.

The rise in electricity theft cases from 610 in 2018 to over 2,397 by 2024 highlights the growing issue of illegal crypto mining in Malaysia. Tenaga Nasional Berhad has implemented measures like smart meters to combat this trend effectively.