• 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

Potential Downside Risks for Bitcoin

chest

If Bitcoin fails to hold above the weekly open, it may face deeper downside targets between 70,800 and 69,100.

user avatarLi Weicheng

RippleX Launches Permissioned Domains on XRP Ledger Mainnet

chest

RippleX has launched permissioned domains on the XRP Ledger mainnet, enhancing institutional access to compliant liquidity pools.

user avatarAisha Farooq

Egrag Crypto Warns of Potential Market Risks

chest

Egrag Crypto warns of potential market risks for XRP investors due to external factors like regulatory changes.

user avatarBayarjavkhlan Ganbaatar

Egrag Crypto Offers Guidance for XRP Investors

chest

Egrag Crypto offers guidance for XRP investors on managing emotional and financial resources during market downturns.

user avatarTenzin Dorje

Gemini Exits Canada to Focus on US Market

chest

Gemini, led by the Winklevoss twins, is withdrawing from Canada and other secondary markets to concentrate on the US.

user avatarMohamed Farouk

JPMorgan Faces Scrutiny Over Past Manipulative Conduct

chest

JPMorgan faces scrutiny due to past manipulative conduct, having paid over $920 million for deceptive practices in precious metals futures.

user avatarDiego Alvarez

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.