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Заголовок Crypto Miners Arrested For Stealing Millions in Electricity: Thai Police Crack Down
Дата 20241113

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============= Обработанный текст:
Crypto Miners Arrested For Stealing Millions in Electricity: Thai Police Crack
Down

Crypto Miners Arrested For Stealing Millions in Electricity: Thai Police Crack
Down

by Samuel Edyme

3 minutes ago

in Crypto News

0

Police and electricity authorities in Thailand have launched a series of
crackdowns targeting illegal cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта mining operations accused of
stealing massive amounts of electricity.

Raids conducted in Chachoengsao and Surat Thani provinces led to multiple
arrests and the seizure of mining hardware worth millions of baht.

Related Reading: Binance• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance Targets Thailand’s Crypto Oasis As Launchpad To 1
Billion Users

How It Went Down

According to a recent report from local news media, raids occurred over the
weekend in Surat Thani province, with officials searching seven commercial
buildings and two residential properties in Muang district.

The investigation resulted in the arrest of two men, Nathapong and Arthit,
aged 30. Authorities confiscated 111 crypto-mining machines, seven desktop
computers, 10 routers, and 10 modified power meters.

The arrests were made after informants tipped off the police about deserted
buildings outfitted with surveillance cameras, raising suspicions of illegal
activities.

A Crime Suppression Division commander, Pol Maj Gen Montri Theskhan, revealed
that Nathapong rented the commercial properties and owned the houses where the
illicit operations occurred.

Investigators noted significant financial transactions of more than 40 million
baht from January of the previous year to July, coupled with unusually low
electricity bills, hinting at meter tampering.

Electricity Theft And Large-Scale Operations Disrupted

Authorities believe the suspects had been modifying electricity meters to
reduce their recorded power consumption. The modified meters were integral to
powering the energy-intensive mining equipment without incurring
proportional electricity costs.

According to officials, the stolen electricity was valued at approximately 10
million baht ($287,191), highlighting the magnitude of the theft. During
questioning, Nathapong reportedly admitted to starting the mining operation in
late 2022, acquiring secondhand mining equipment to further his illicit
venture .

Arthit, on the other hand, allegedly confessed to being responsible for
modifying power meters and maintaining the power supply• Электроника » Электронные компоненты » Источники питания » Система электроснабжения

• Энергетика » Электроэнергетика » Система электроснабжения

• Техника » Электротехника » Система электроснабжения
network across the
nine properties.

The crackdown continued in Chachoengsao province, where authorities raided a
deserted warehouse in Bang Nam Prieo district’s Sala Daeng area.

They discovered 109 active crypto-mining machines and an additional 66 units
awaiting installation. The total value of the equipment was estimated at 17
million baht ($488,225).

The raid followed suspiciously high power consumption reports from an
otherwise unused warehouse. Electricity officials traced the power theft back
to the site, estimating the cost of stolen electricity at over 10 million baht
in recent months.

Related Reading: Crypto CEO Held Hostage In Toronto, Freed After $1 Million
Ransom Payment

Notably, in Thailand, a power tariff rate of 4 baht per kWh equates to a cost
of 620,000 baht. The average monthly household electricity bill in Thailand is
estimated at around 750 baht. The global digital currency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market cap value on
the 1-day chart. Source: TradingView.com

Featured image created with DALL-E, Chart from TradingView

============= Итог: 2,6650 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Binance 4,3563 ; Электроника#Электронные компоненты#Источники питания #Система электроснабжения


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