Over 1,000 Cryptocurrency Rigs Destroyed By Malaysian Authorities Using A Steamroller
Authorities in Malaysia have destroyed 1,069 cryptocurrency rigs after they were confiscated in raids earlier this year. A steamroller was used to crush the hardware in the city of Sarawak, after the electric utility company of the Malaysian province accused the mining operators of stealing electricity for their activities. The operators allegedly stole RM8.4 million worth of energy from the company. Authorities say the operation was scattered across four locations and six suspectsU.S.
U.S. investor Michael Calvey on Monday told a Moscow court trying him on embezzlement charges that an innocent verdict in his case would trigger billions of dollars in foreign investment and help create thousands of new jobs. Calvey, one of Russia's most prominent foreign investors, faces a possible six-year suspended jail sentence if found guilty with a verdict expected on Aug. 2.