NFT News by Thebittimes.Com

Illegal Malaysian crypto miners stole $722 million worth of electricity between 2018 and 2023, according to the country’s deputy minister of energy transition and water transformation. As reported by Malay Mail, Akmal Nasrullah Mohd Nasir revealed the figure at an event to mark the disposal of 2,022 seized items, including bitcoin mining equipment. “The theft of electricity by those who mine cryptocurrency occurs because they believe this activity cannot be detected due to the absence of meters on their premises,” said Akmal Nasrullah. He added, “Energy supply companies have various methods to detect unusual energy consumption in an area.” Weed and crypto behind record electricity theft in England and Wales Read more: Europol says alleged crypto miner made millions from stolen electricity He also claimed that stopping crypto miners from stealing electricity is a priority for Malaysia’s government. This is alongside boosting the production of renewable ...

Author：Lily Editor：Colin Wu 1. Huobi’s weekly summary 1.1 Exclusive: The real acquirer of Huobi Global is still Justin Sun Link Multiple informed sources told Wu that Justin Sun is actually the core funder of About Capital Management’s M&A fund. Sun, as the financier behind it, indirectly acquired Huobi Global through About Capital Management, with a purchase price of over $1 billion. On the morning of Oct. 10, the personal URL in Sun’s official Twitte r Bio was changed to huobi.com; in the afternoon, Sun delivered a speech to all the employees of Huobi, saying that his core work is to empower HT. 1.2 Huobi Global will delist 21 HUSD-related trading pairs on Oct 10 Link Huobi Global will be delisting 21 HUSD-related pairs, including USDC/HUSD, BTC/HUSD, ETH/HUSD, HT/HUSD, etc., at 13:00 (UTC) on Oct 10, 2022. 1.3 Justin Sun: Huobi Global is potentially willing to expand its business in China Link Justin Sun isn’t ruling out the possibility of one day bringing Hong Kong-based crypt...