Malaysia | ForkLog

ForkLog 69 19.11.2025

Malaysia Loses Over $1 Billion to Illegal Cryptocurrency Mining

Malaysia's Ministry of Energy has uncovered electricity theft amounting to $1.1 billion due to illegal cryptocurrency mining.

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ForkLog 206 27.08.2025

Malaysia Launches Its First AI-Powered Bank

In Malaysia, Ryt Bank has been launched as the country's first bank powered by artificial intelligence.

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ForkLog 3 12.05.2025

Electricity Theft for Cryptocurrency Mining Surges 300% in Malaysia

Over four years, the number of electricity thefts by illegal cryptocurrency miners has surged nearly 300%, according to local media citing Tenaga Nasional Berhad (TNB). The country’s largest electricity company reported 610 theft cases in 2018, rising to 2397 by 2024. TNB conducts raids to curb illegal mining in collaboration with police and local authorities. […]

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ForkLog 39 30.12.2024

Malaysia Prohibits Bybit’s Operations

The Securities Commission of Malaysia (SC) has accused the bitcoin exchange Bybit of operating without a license and ordered it to cease all operations by December 25. In compliance with the requirements, the trading platform has disabled its website, mobile applications, halted advertising in the country, and closed its Telegram support group for Malaysians. The […]

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ForkLog 17 24.09.2024

Bybit Introduces World’s First Shariah-Compliant Crypto Account

The cryptocurrency exchange Bybit has launched the world’s first Islamic cryptocurrency account, adhering to Shariah law. Clients can access spot trading with 75 tokens and two trading bots. World first Crypto Islamic account is now fully live on Bybit. Shariah-Compliant and Initial offerings include spot trading (limited to 75 Shariah-compliant tokens), DCA trading bot, and […]

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ForkLog 10 19.08.2024

Seven Bitcoin Miners Arrested in Malaysia for Electricity Theft

Malaysian authorities have arrested seven individuals suspected of mining Bitcoin using stolen electricity, according to Bernama. Police in the Sepang district clarified that the group includes three locals and four foreigners, aged between 30 and 74. None of the arrested individuals have prior criminal records. During the operation, 52 devices for mining the leading cryptocurrency, […]

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ForkLog 10 16.08.2024

Worldcoin Technology to Enhance Malaysia’s Digital Infrastructure

MIMOS Berhad has signed a memorandum of understanding with the Worldcoin Foundation, Tools for Humanity (TFH), and e-government service provider MyEG. Just in: Worldcoin & MIMOS are partnering to bring digital proof of humanness to Malaysia ?? pic.twitter.com/16azSu4hZH — Worldcoin (@worldcoin) August 16, 2024 The agreement aims to integrate the Worldcoin protocol and TFH technologies […]

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ForkLog 4 15.08.2024

Bitcoin Ransom Kidnappers Arrested in Malaysia

Six Malaysian residents have been charged with kidnapping a Chinese national and his companion, demanding a ransom of $1.1 million in bitcoin. This was reported by local media. According to the case materials, the incident occurred on July 11. The victims were attacked at a highway exit near the city of Cyberjaya. They were held […]

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ForkLog 18 11.07.2024

Bitcoin Miners in Malaysia Accused of $724 Million Electricity Theft

Between 2018 and 2023, cryptocurrency miners in Malaysia allegedly stole electricity worth 3.4 billion ringgit (~$724.9 million), according to a report by Malay Mail, citing a representative from the Ministry of Energy. Deputy Minister for Energy Transition Akmal Nasir stated that such activities have been expanding recently, causing harm to the country as a whole. […]

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ForkLog 17 17.06.2024

Malaysian Authorities Crack Down on Cryptocurrency Tax Evasion

The Inland Revenue Board of Malaysia (IRB) has launched Operation Ops Token to tackle tax revenue leakage from cryptocurrency trading, according to local media. Raids were conducted across 10 locations in the Klang Valley, involving 38 officers from the Royal Police and the country’s Cybersecurity Service. The focus was on companies that failed to report […]

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ForkLog 57 03.05.2024

Microsoft to Invest $2.2 Billion in Malaysia’s AI Infrastructure

In the coming years, Microsoft will invest $2.2 billion in new infrastructure for cloud computing and artificial intelligence in Malaysia. The funds will be allocated to: training 200,000 people in artificial intelligence; establishing a national AI center of excellence; enhancing the country’s cybersecurity capabilities; supporting the growth of the local developer community. “Our investments in […]

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ForkLog 6 31.07.2023

Malaysia cracks down on illegal cryptocurrency mining

Malaysia's electricity supplier Sarawak Energy uncovered a mining farm on Borneo whose owners were involved in illegal cryptocurrency mining.

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