Police in Malaysia seized 1,039 bitcoin mining machines worth RM5.3 million (US$1.3 million) and arrested eight people.
Police in the northwestern city of Miri seized the machines in joint operations with Sarawak Energy (SEB), the region's electricity company, between February and April, Bernama reported Friday.
Eight individuals were arrested and accused of stealing electricity from SEB, Miri Police Chief ACP Hakemal Hawari said.
"A total of six people have been successfully charged under Section 379 of the Penal Code for electricity theft and have been fined up to RM8,000 ($1,900) and jailed for up to eight months," he said in a statement.
The machines related to the court case were disposed of at Miri police headquarters, the report said.
From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.
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U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...