Drill the warehouse wall to steal 85 Bitcoin machines

Malaysian national police just arrested a gang that allegedly stole 85 plus Bitcoin machines from a warehouse last weekend. According to a report from general news website The Sun Daily Malaysia, each of these Bitcoin machines has a value of about $ 10,300 (approximately 239 million VND).

Authorities initially speculated that these were automated Bitcoin trading devices. However, according to CoinATMRadar, there are currently no Bitcoin ATMs installed or operating in Malaysia, along with the fact that 85 of the above hardware devices have been stolen from a warehouse, so most likely these are the systems used to mine cryptocurrencies.

Earlier on October 29, the Seremban provincial police agency received a report from a salesperson that 85 Bitcoin machines stored in the warehouse were 'flying without wings'. The investigating agency immediately started to participate, searched the subject and issued an emergency arrest order for 5 suspects, all between the ages of 25 and 46.

Seremban Police Chief Mohd Said Ibrahim said the gang had been caught up in only two raids by authorities in the Seremban and Nilai regions between midnight and 4:30 am. The authorities also seized on the spot a car and many specialized construction equipment used to drill concrete.

In order to carry out the daring mission, this gang rented a house close to the warehouse. Then using a specialized drill, it is recommended to break through the partition wall system to transfer the 'spoils' out.

All five suspects are identified as friends, have never had a previous criminal record and committed a burglary with plans to take the number of devices for personal use, which is to dig virtual money.

Mining of cryptocurrencies, otherwise known as mining, is a key factor that allows cryptocurrencies to function as a peer-to-peer decentralized network without the need for an organization. third party focus. In order to mine cryptocurrencies, there are two obligatory conditions that miners must meet: the hardware infrastructure is strong and the power is 'endless'. These are all huge investment costs that miners have to settle well before thinking about making a profit from cryptocurrency mining.

Last year, a Chinese man was arrested for stealing electricity from a local railway substation to mine Bitcoin. After being arrested, he had to pay for the electricity lost, pay a fine and go to jail for three and a half years for his wrongdoing.