Government from Russia's Zavolzhsky district have constitute a 34-yr-old local human being guilty of stealing cryptocurrency mining equipment worth more than 1.6 meg Russian rubles (nigh $22,000).

According to a report shared past the Prosecutor'southward Office of the Yaroslavl Region, the state prosecutor confirmed that the Yaroslavl resident was plant entering a friend'southward garage unlawfully back in Feb 2022 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 criminal offense, citing large-calibration theft of property and illegal entry.

In courtroom, the now-captive reportedly admitted to the charges and voluntarily returned the stolen crypto mining equipment back to its original owner. Additionally, he likewise admitted to the court that he could not use the stolen equipment for mining due to the "lack of relevant cognition."

Based on the findings, the court convicted the man to "three years of a suspended judgement along with a probation period of 3 years." This allows the defendant to accept their case dismissed without actual jail time, given they comply with all the terms of probation.

Related: Russia grants $200K to build tool for tracing crypto transactions

On Aug. four, Russian authorities announced the resource allotment of 14.seven one thousand thousand rubles ($200,000) to create systems to monitor and analyze Bitcoin-related crypto transactions.

As Cointelegraph reported, the Russian Federal Financial Monitoring Service has contracted the job to RCO, a company indirectly backed by Sber, formerly known every bit Sberbank.

Russian federation has previously invested in an analytics system to track illicit activities past "partially reducing anonymity" of crypto transactions for Bitcoin (BTC), Ether (ETH), Omni, too as privacy-focused cryptocurrencies such every bit Dash and Monero (XMR).