Odaily Planet Daily report: Thai police, in coordination with relevant authorities, conducted a joint operation in five northeastern provinces, raiding 14 locations and seizing 315 cryptocurrency mining devices suspected of illegal power connections and meter tampering to steal electricity, resulting in total electricity losses of approximately 40.38 million Thai baht (around 8.3 million USD), including 5.38 million Thai baht in electricity violation fines and approximately 35 million Thai baht in unpaid electricity bills.
Thailand seizes 315 illegal crypto miners causing 40.38 million THB in power loss
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Summary
Thai authorities seized 315 illegal crypto miners across five northeastern provinces, with police raiding 14 sites linked to meter tampering and unauthorized electricity use. The machines consumed approximately 40.38 million THB (around 8.3 million USD), including 5.38 million THB in fines and 35 million THB in unpaid bills. The crackdown occurs amid regulatory discussions on MiCA (EU Markets in Crypto-Assets Regulation), signaling increased oversight of liquidity and crypto markets in the region.
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