Thailand Seizes Illegal Bitcoin Mining Facility After Rampant Power Outages

Thai authorities have cracked down on a fourth illegal Bitcoin mining rig in Bangkok this year.

Police man seeing a giant fraudster with millions of coins collected.
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  • Thai authorities have raided an illegal Bitcoin mining facility.
  • The mining rig was nested in a house in Bangkok.
  • The police didn’t arrest any suspect during the raid.  

On Sunday, local media outlets reported that Thai authorities have raided an illegal Bitcoin mining rig in the west of Bangkok following complaints of frequent power outages in the area.  

The development marks the fourth time authorities have busted an illegal Bitcoin mining operation around the same region this year. It follows a recent high-profile clampdown that led to the seizure of 650 crypto-mining devices worth over $5 million and the arrest of three individuals.  

Thailand Continues to Crack Down on Illegal Bitcoin Mining

According to a South China Morning Post (SCMP) report, Thai police and officials from the Provincial Electricity Authorities (PEA) raided the facility on Friday after obtaining a house search warrant.

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“We found bitcoin mining rigs, pointing to people using this house to operate a mine and using power they didn’t fully pay for,” Jamnong Chanwong, a chief district security officer, told journalists.

Chanwong said a company had rented the house for four months, but reports of power blackouts surfaced early last month when the rig likely became fully operational.

While the officer didn’t specify the monetary value of the illegal mining rig, he clarified that the company had likely moved most of the equipment on Thursday when authorities tried to access the house but were denied entry by a guard. The company reportedly abandoned the facility, leaving a huge electricity bill that had only been paid partially.

Per the report, the authorities arrested no one in the raid.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga is a crypto reporter at DailyCoin covering breaking news. Brian has minor holdings in Bitcoin and Ethereum.

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