Suspect Arrested for Stealing $ 3 + Mln of Electricity to Mine Crypto

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In Taiwanese man, he has been arrested, according to a report from the local news channel. EBC Dongsen News Dec. 26.

The suspect, whose surname has been given as Yang, has been accused of paying off the 100,000 yuan (around $ 14.5 million). Yang is purported to have at least 17 different business premises to open toy shops or internet cafes.

The report claims Yang hired electricians to rewire the premises in such a way as evade electricity metering and detection of the stolen power. State-owned utility provider The Taiwan Power Company is reported to have received irregularities in the power supply, prompting a police investigation. In addition to Yang, a suspected accomplice has also been reportedly identified.

Wang Zhicheng, deputy head of the fourth brigade of Taiwan's Criminal Investigation Bureau, is quoted by EBC Dongsen

"The [suspects] recruited electricians who used to switch to the electricity meter for free.

Crypto mining operations is not unprecedented; this October, a man in China's northern province of Shanxi province was sentenced to two years in jail for allegedly stealing power from a train station to fuel.

Also in China – this time in the country's Anhui province – a separate suspect was arrested for attempting to steal electricity to fund his reportedly "unprofitable" mining operations.

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