{"id":332207,"date":"2021-08-30T10:58:07","date_gmt":"2021-08-30T07:58:07","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/russian-man-gets-three-year-sentence-for-stealing-a-friends-mining-rig\/"},"modified":"2021-08-30T10:58:07","modified_gmt":"2021-08-30T07:58:07","slug":"russian-man-gets-three-year-sentence-for-stealing-a-friends-mining-rig","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/russian-man-gets-three-year-sentence-for-stealing-a-friends-mining-rig\/","title":{"rendered":"# Russian man gets three-year sentence for stealing a friend\u2019s mining rig"},"content":{"rendered":"

“# Russian man gets three-year sentence for stealing a friend\u2019s mining rig <\/strong>”
\n<\/p>\n

Authorities from Russia\u2019s Zavolzhsky district have found a 34-year-old local man guilty of stealing cryptocurrency mining equipment worth more than 1.6 million rubles (nearly $22,000).<\/p>\n

According to the report<\/a> shared by the Prosecutor’s Office of the Yaroslavl Region, the state prosecutor confirmed that the Yaroslavl resident was found entering a friend\u2019s garage unlawfully back in Feb. 2021 and stealing their mining equipment that was intended to be used for earning cryptocurrency. <\/p>\n

The authorities found the Russian man to be guilty of committing a crime, citing large-scale theft of property and illegal entry.<\/p>\n

In court, the convict reportedly admitted to the charges and voluntarily returned the stolen crypto mining equipment back to its original owner. Additionally, he also admitted to the court that he could not use the stolen equipment for mining due to the \u201clack of relevant knowledge.\u201d<\/p>\n

Based on the findings, the court convicted the man to \u201cthree years of a suspended sentence along with a probation period of three years.\u201d This allows the defendant to have their case dismissed without actual jail time, given they comply with all the terms of probation. <\/p>\n

Related: <\/strong>Russia grants $200K to build tool for tracing crypto transactions<\/em><\/strong><\/p>\n

On Aug. 4, Russian authorities announced to allocate 14.7 million rubles ($200,000) for creating systems to monitor and analyze Bitcoin (BTC)-related crypto transactions. <\/p>\n

As Cointelegraph reported, the Russian Federal Financial Monitoring Service (Rosfinmonitoring) has contracted the job to RCO, a company indirectly backed by Sber, formerly known as Sberbank.<\/p>\n

Russia has previously invested in an analytics system to track illicit activities by \u201cpartially reducing anonymity\u201d of crypto transactions for Bitcoin, Ether (ETH), Omni (OMNI<\/a>) as well as privacy-focused cryptocurrencies like Dash (DASH<\/a>) and Monero (XMR<\/a>).<\/p>\n