A Russian man has been sent to prison for four years for crypto mining-related fraud.
Per the media outlet 56 Orb, the man is a 47-year-old resident of Orenburg, a southwestern city near Russia’s border with Kazakhstan.
A court in the city heard that the man duped a local entrepreneur into investing in a crypto mining project. The man told the entrepreneur that he intended to “buy a range of equipment for cryptocurrency mining.”…
Read More: Russian Crypto Mining Fraudster Jailed for Four Years