• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Thai Authorities Discover Illegal Bitcoin Mining in Chonburi

user avatar

by Giorgi Kostiuk

a year ago


A Bitcoin mining farm in Chonburi has been raided, revealing illegal electricity use.

Raid and Discovery

On January 9, 2025, a raid conducted with the Crime Suppression Division (CSD) led to the seizure of nearly 1,000 Bitcoin mining rigs in Chonburi. The rigs were illegally connected to the power grid, causing substantial financial losses.

Consequences and Investigation

The mining farm disguised its high power consumption during nighttime, violating laws. Investigation is ongoing, and the identities of the operators are yet to be determined. In response, Thailand's Provincial Electricity Authority (PEA) plans to increase measures to prevent electricity theft.

Broader Context

Similar cases of illegal electricity use have occurred in Thailand previously. In 2024, other illegal mining farms were discovered, causing local blackouts. The issue of illegal Bitcoin mining is not unique to Thailand; similar incidents have been seen in Russia. Additionally, in November 2024, Binance's Chief Marketing Officer Rachel Conlan stated that Thailand is one of the exchange's top 20 global markets.

Incidents of illegal mining and electricity theft continue to be a concern in Thailand, but authorities are actively addressing the issue.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Hyper Addresses Scalability Issues

chest

Bitcoin Hyper, the first Bitcoin Layer 2 solution, aims to solve scalability challenges while enhancing transaction speed.

user avatarAndrew Smith

Ethereum Faces Resistance at $2,500 Amid Market Challenges

chest

Ethereum is facing challenges in reclaiming the $2,500 mark amid market headwinds and lackluster ETF inflows.

user avatarJacob Williams

Financial Services Commission Considers Ownership Cap for Crypto Exchanges

chest

The Financial Services Commission of South Korea is considering a proposal to limit ownership stakes for major shareholders in crypto exchanges, facing backlash from industry stakeholders.

user avatarZainab Kamara

South Korean Police Investigate Favoritism Allegations in Crypto Industry

chest

South Korean police are investigating favoritism allegations involving independent lawmaker Kim Byungkee, who allegedly sought employment for his son at Bithumb after failing to secure a position at Dunamu.

user avatarSon Min-ho

SUBBD Token Disrupts the Creator Economy with AI Integration

chest

SUBBD Token is emerging as a significant player in the creator economy, leveraging AI and decentralized payments to empower content creators and investors.

user avatarAyman Ben Youssef

Capital Flow in Cryptocurrency Market Shifts Towards Bitcoin Infrastructure

chest

The cryptocurrency market is witnessing a significant shift in capital flow, with investors moving towards Bitcoin infrastructure projects.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.