Vinnytsiaoblenergo, a publicly held company, said on Facebook that it was shocked by the media reports.

“We officially declare that our company has nothing to do with any unlawful activity,” the company said in the release, also posted on its website. “Our company’s premises never worked equipment designed for mining cryptocurrencies.” After the July 7 raid by the SBU, the company check its books and concluded: “During the examination, no facts of electric theft were found by representatives of the control authority. Therefore, information on multi-million dollar electricity thefts does not correspond to reality.”