Suspected Electricity Thief Arrested After Mining $3 Million in Bitcoin, Ether

A man in Taiwan has been arrested over claims he mined millions of dollars-worth of cryptos using stolen power.

According to a report from EBC Dongsen News on Wednesday, a man with the surname Yang is suspected of stealing electricity valued at over NT$100 million ($3.25 million) from various business premises to mine bitcoin and ether.

Yang reportedly tapped the power supply at 17 stores in Taiwan for his crypto mining operations. For each illicit mining operation, Yang would first rent an internet cafe or a toy store, then hire electricians to redesign the wiring so that the stolen electricity would not be metered.

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