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UK Jails Crypto Miner for 13 Months for Stealing Electricity: Report
The Crown Prosecution Service described the case as “highly unusual.”
Updated May 11, 2023, 5:21 p.m. Published Oct 14, 2021, 11:55 a.m.

A crypto miner in the U.K. county of Leicestershire has been jailed for 13 months for stealing £32,000 ($44,000) of electricity to operate bitcoin mining machines.
- Sanjay Singh, 40, pleaded guilty to bypassing electrical mains to power mining machines at two sites, local news outlet Leicester Mercury reported Thursday.
- An inspection showed that Singh had manipulated the wiring to abstract electricity to an unmetered fuse box to run more than 200 devices.
- Such a method is not an uncommon criminal activity, but is more frequently carried out to support criminal activities such as growing cannabis, the Crown Prosecution Service (CPS) noted.
- “This is a highly unusual case,” Andrew Baxter of the CPS said. “Bitcoin mining is a legitimate legal enterprise.”
Read more: UK Police Raid Suspected Cannabis Factory, Find Bitcoin Mining Operation
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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Iran accepts cryptocurrency as payment for advanced weapons

Prospective customers could purchase weapons such as missiles, tanks and drones using crypto, according to a government website.
What to know:
- Iran's Ministry of Defence Export Center is accepting cryptocurrency payments for advanced weapons systems as a means of bypassing international sanctions that the country faces.
- The offer is among the first known instances of a country accepting cryptocurrency as a means of payment for military equipment, according to the Financial Times.
- The facility for using cryptocurrency to pay for transactions involving sanctioned countries is already well established.
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