Authorities from Russia’s 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).
According to the report shared by the Prosecutor’s Office of the Yaroslavl Region, the state prosecutor confirmed that the Yaroslavl resident was found entering a friend’s garage unlawfully back in Feb. 2021 and stealing their mining equipment that was intended to be used for earning cryptocurrency.
The authorities found the Russian man to be guilty of committing a crime, citing large-scale theft of property and illegal entry.
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 “lack of relevant knowledge.”
Based on the findings, the court convicted the man to “three years of a suspended sentence along with a probation period of three years.”