**Weekly Crypto Roundup: Southeast Asia's Bitcoin Mining Woes**

Southeast Asia is grappling with a surge in electricity theft linked to Bitcoin mining. Following China's 2021 crackdown, miners flocked to neighboring countries, leading to significant power struggles.

- **Malaysia**: Authorities arrested seven individuals for illegal Bitcoin mining, seizing 52 rigs worth $57,000. Over five years, an estimated $723 million worth of electricity has been stolen. In a dramatic move, police steamrolled nearly 1,000 mining rigs valued at $452,000.

- **Thailand**: In April, a crackdown on electricity theft led to the confiscation of mining rigs worth over $5.8 million.

- **Indonesia**: December 2023 saw police shut down 10 mining sites, accused of stealing over $1 million in electricity.

- **Laos**: The state energy distributor suspended electricity to crypto miners due to insufficient local energy generation and unpaid bills.

Meanwhile, in Japan, investment firm Metaplanet continues its Bitcoin acquisition spree, purchasing 57.273 Bitcoin for $3.42 million, bringing its total holdings to 360.368 Bitcoin. This follows a significant loan announcement by Tokyo-based Bitcoinholics.

Stay tuned for more updates on the evolving crypto landscape in Asia.