Malaysia’s Power Network in Jeopardy: Cryptocurrency Theft Highlights Weaknesses in Infrastructure and Law
- Malaysia's TNB reports $1.1B losses from crypto mining-linked electricity theft at 13,827 sites over five years. - Power theft cases surged 300% (2018-2024), with raids seizing $482K in mining rigs and disrupting networks. - TNB deploys AI analytics and smart meters to detect theft, while authorities push for crypto-specific regulations. - Current laws impose minimal penalties ($2,400 fines/jail), failing to deter sophisticated theft operations. - Experts warn theft destabilizes grid and pricing, urging
Malaysia’s main electricity provider, Tenaga Nasional Berhad (TNB), has reported losses
These illegal activities, which often involve direct wiring to transformers or altered smart meters, have grown more advanced. Criminal groups frequently move their operations—
In response, TNB has rolled out sophisticated monitoring tools, such as smart meters and AI-powered analytics, to
The financial impact goes beyond TNB’s direct losses.
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.
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