atlas21 on Nostr: š®āāļø Nearly 1,000 Bitcoin miners seized by Thai authorities According to the ...
š®āāļø Nearly 1,000 Bitcoin miners seized by Thai authorities
According to the Bangkok Post, Thai police discovered that JIT Co., a company formally registered for digital asset trading, was illegally consuming large amounts of electricity to mine Bitcoin.
The company allegedly tampered with electric meters during nighttime hours to disguise the actual energy consumption of its mining operations.
Authorities are still calculating the exact economic damage caused by the energy theft as investigations continue to identify all those responsible for the illegal operation.
The Atlas21 article ā¬ļø
https://atlas21.com/massive-seizure-in-thailand-nearly-1000-bitcoin-miners-confiscated/
According to the Bangkok Post, Thai police discovered that JIT Co., a company formally registered for digital asset trading, was illegally consuming large amounts of electricity to mine Bitcoin.
The company allegedly tampered with electric meters during nighttime hours to disguise the actual energy consumption of its mining operations.
Authorities are still calculating the exact economic damage caused by the energy theft as investigations continue to identify all those responsible for the illegal operation.
The Atlas21 article ā¬ļø
https://atlas21.com/massive-seizure-in-thailand-nearly-1000-bitcoin-miners-confiscated/