Foong Cheng Leong

Tag: cryptocurrency

  • Who Bears the Losses in Cryptocurrency Mining Scams in Malaysia (Part II)?

    In Tenaga Nasional Berhad v Lam Sau Tai (sued as administrator of the estate of Siew Nyuk Sang, deceased) & Anor, the electricity supply to the premises had been tampered and traces of cryptocurrency mining were found. The premises owner had rented the premises to a third party but he passed away before the tampering…

  • Who Bears the Losses in Cryptocurrency Mining Scams in Malaysia (Part I)?

    In Bumi GT Sdn Bhd v DIY Printing Supply Sdn Bhd, TNB sued the landlord after discovering that someone had tampered with the meter installation at the landlord’s premises, resulting in nearly RM400,000.00 in electricity charges. These charges were attributed to cryptocurrency mining. However, unbeknownst to the landlord at the time, the actual tenant was…

  • Bread & Kaya: Malaysia’s first digital currency court case

    By Foong Cheng Leong December 17, 2019– Digital currencies can be used to raise funds, make purchases or traded online– Anyone operating a digital assets exchange platform must obtain approval from the SC DIGITAL currencies are a form of digital asset. They can be used to raise funds, purchase goods or services and even traded…

  • Hijacking hardware in stealth mode

    I was featured by The Star in their article “Hijacking hardware in stealth mode“. I was asked to comment about malicious cryptomining Malaysia. Under our law, malicious cryptominers can be punished with the Computer Crimes Act 1997, says Bar Council information technology and cyberlaw committee deputy chairman Foong Cheng Leong. “It can be considered unauthorised…