Indonesian Authorities Raid Sites Suspected of Bitcoin Mining with Stolen Electricity
Over the Christmas weekend, Indonesian authorities conducted a raid on ten suspected bitcoin mining sites that were allegedly using stolen electricity from the national grid. Although Indonesia is not known for being a hub for mining, it is a fast-growing crypto adopter. Electricity theft is considered a criminal offense in Indonesia, with penalties of up to five years in prison or a fine of up to twice the value of the unpaid electricity. At the raided sites in Medan, North Sumatra, authorities found 1,314 bitcoin rigs and detained 26 individuals. The suspects allegedly stole electricity by tapping into state-owned utility poles, resulting in losses of around $100,000 to the state.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pi Network Faces Major Price Drop After Event
Bitcoin Analyst Predicts $175K Price Surge Amid Market Dynamics
Bitcoin Stalls Near Highs Amidst Derivative Pressures
Pi Network Faces Heavy Price Slide Amid Investor Concerns

Trending news
MoreCrypto prices
More








