Bitcoin News: Johor Syndicate Cleared $25,000 Monthly by Stealing Power

NewsFri, 24 Jul 2026 11:35:29 UTC1 hour ago

In Bitcoin news today, police in Malaysia dismantled a Bitcoin mining syndicate following four raids on July 22 and 23 by Tenaga Nasional Berhad (TNB) across four rented premises.

Authorities arrested three local men and seized 71 cryptocurrency mining rigs in an operation that generated an estimated RM80,000 to RM100,000 (~$25,000) in monthly profits.

The Johor police chief said the suspects comprised a manager who oversaw the activities, and two technicians.https://t.co/oBbdQ8YunV
— The Star (@staronline) July 24, 2026

The bust, codenamed Ops Letrik, exposes the persistent economics of illegal mining in Johor, Malaysia: electricity theft converts what would be an unprofitable operation into a high-margin one, with TNB absorbing the cost.

This story dropped as Bitcoin USD fell -0.4% over the past 24 hours, slipping to $65,300 after losing the $66,000 level yesterday. As of right now, support at $65,000 is holding steady.

$BTC is holding above its uptrend.

A clean breakout above $67,500-$68,000 could pump BTC to $74,000. pic.twitter.com/yN8r5GhMOS
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Bitcoin News: Johor Syndicate Cleared $25,000 Monthly by Stealing Power

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