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Indonesian Authorities Raid Sites Suspected of Bitcoin Mining with Stolen Electricity

Indonesian Authorities Raid Sites Suspected of Bitcoin Mining with Stolen Electricity

Cointime2023/12/29 10:06
By: Cointime
BTC+1.68%

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.

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