Malaysia’s national electricity company has reported a loss exceeding $1 billion attributed to electricity theft linked to cryptocurrency mining activities. This significant financial impact highlights the growing issue of energy theft in the country. Authorities have noted that the rise in cryptocurrency mining has led to increased illegal tapping of electricity. The company is now facing challenges in addressing this problem, which not only affects its financial stability but also raises concerns about energy security. Efforts to combat electricity theft are underway, as the company seeks to implement measures to prevent further losses.
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