JOHRO BARU: Police have arrested three men for stealing electricity to mine cryptocurrency.

Johor police chief Comm Datuk M. Kumar said that a cryptocurrency mining syndicate was dismantled with the arrest.

He stated that at least nine premises were raided in Johor Baru, Seri Alam, Kulai and Tangkak on April 22 and 23.

“We seized some 87 machines used to mine the cryptocurrency,” he said, adding that the mining machines were worth RM217,500.