Russian man gets three-year sentence for stealing a friend’s mining rig

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Russian man gets three-year sentence for stealing a friend’s mining rig

Government from Russia’s Zavolzhsky district have discovered a 34-year-old native guy accountable of stealing cryptocurrency mining apparatus price greater than 1.6 million rubles (just about $22,000).

In keeping with the report shared by way of the Prosecutor’s Administrative center of the Yaroslavl Area, the state prosecutor showed that the Yaroslavl resident was once discovered getting into a chum’s storage unlawfully again in Feb. 2021 and stealing their mining apparatus that was once meant for use for incomes cryptocurrency. 

The government discovered the Russian guy to be accountable of committing a criminal offense, mentioning large-scale robbery of assets and unlawful access.

In courtroom, the convict reportedly admitted to the fees and voluntarily returned the stolen crypto mining apparatus again to its unique proprietor. Moreover, he additionally admitted to the courtroom that he may now not use the stolen apparatus for mining because of the “loss of related wisdom.”

In accordance with the findings, the courtroom convicted the person to “3 years of a suspended sentence along side a probation length of 3 years.” This permits the defendant to have their case pushed aside with out exact prison time, given they agree to the entire phrases of probation. 

Similar: Russia grants $200K to construct software for tracing crypto transactions

On Aug. 4, Russian government introduced to allocate 14.7 million rubles ($200,000) for developing methods to observe and analyze Bitcoin (BTC)-related crypto transactions. 

As Cointelegraph reported, the Russian Federal Monetary Tracking Carrier (Rosfinmonitoring) has shrunk the activity to RCO, an organization not directly sponsored by way of Sber, previously referred to as Sberbank.

Russia has in the past invested in an analytics machine to trace illicit actions by way of “in part decreasing anonymity” of crypto transactions for Bitcoin, Ether (ETH), Omni (OMNI) in addition to privacy-focused cryptocurrencies like Sprint (DASH) and Monero (XMR).