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''Dmitrii Donskoi'' () was an
armoured cruiser The armored cruiser was a type of warship of the late 19th and early 20th centuries. It was designed like other types of cruisers to operate as a long-range, independent warship, capable of defeating any ship apart from a pre-dreadnought battles ...
built for the
Imperial Russian Navy The Imperial Russian Navy () operated as the navy of the Russian Tsardom and later the Russian Empire from 1696 to 1917. Formally established in 1696, it lasted until being dissolved in the wake of the February Revolution and the declaration of ...
in the early 1880s. She was designed as a
commerce raider Commerce raiding is a form of naval warfare used to destroy or disrupt logistics of the enemy on the open sea by attacking its merchant shipping, rather than engaging its combatants or enforcing a blockade against them. Privateering is a fo ...
and equipped with a full suite of sails to economize on coal consumption. The ship spent the bulk of her career abroad, either in the
Far East The Far East is the geographical region that encompasses the easternmost portion of the Asian continent, including North Asia, North, East Asia, East and Southeast Asia. South Asia is sometimes also included in the definition of the term. In mod ...
or in the
Mediterranean The Mediterranean Sea ( ) is a sea connected to the Atlantic Ocean, surrounded by the Mediterranean basin and almost completely enclosed by land: on the east by the Levant in West Asia, on the north by Anatolia in West Asia and Southern ...
. ''Dmitrii Donskoi'' was assigned to the Second Pacific Squadron after the Japanese destroyed Russian ships deployed in the Far East during the early stages of the
Russo-Japanese War The Russo-Japanese War (8 February 1904 – 5 September 1905) was fought between the Russian Empire and the Empire of Japan over rival imperial ambitions in Manchuria and the Korean Empire. The major land battles of the war were fought on the ...
of 1904–1905. The squadron was intercepted by the Japanese fleet in May 1905 in the
Battle of Tsushima The Battle of Tsushima (, ''Tsusimskoye srazheniye''), also known in Japan as the , was the final naval battle of the Russo-Japanese War, fought on 27–28 May 1905 in the Tsushima Strait. A devastating defeat for the Imperial Russian Navy, the ...
after a lengthy voyage from the
Baltic Baltic may refer to: Peoples and languages *Baltic languages, a subfamily of Indo-European languages, including Lithuanian, Latvian and extinct Old Prussian *Balts (or Baltic peoples), ethnic groups speaking the Baltic languages and/or originatin ...
. The cruiser was not seriously damaged during the initial fighting and tried to continue on to
Vladivostok Vladivostok ( ; , ) is the largest city and the administrative center of Primorsky Krai and the capital of the Far Eastern Federal District of Russia. It is located around the Zolotoy Rog, Golden Horn Bay on the Sea of Japan, covering an area o ...
after the first day's fighting. She was spotted by several groups of Japanese warships the following day and was badly damaged in the resulting combat. Her captain ordered the crew ashore near
Ulleungdo Ulleungdo (), also spelled Ulreungdo, is a South Korean island east of the Korean Peninsula in the Sea of Japan. It was formerly known as Dagelet Island or Argonaut Island in Europe. Volcanic in origin, the rocky steep-sided island is the top o ...
and had ''Dmitrii Donskoi''
scuttled Scuttling is the act of deliberately sinking a ship by allowing water to flow into the hull, typically by its crew opening holes in its hull. Scuttling may be performed to dispose of an abandoned, old, or captured vessel; to prevent the vesse ...
offshore.


Design and description

''Dmitrii Donskoi'' was classified as a semi-
armoured frigate A frigate () is a type of warship. In different eras, the roles and capabilities of ships classified as frigates have varied. The name frigate in the 17th to early 18th centuries was given to any full-rigged ship built for speed and maneuvera ...
and was an improved version of her
half-sister A sibling is a relative that shares at least one parent with the other person. A male sibling is a brother, and a female sibling is a sister. A person with no siblings is an only child. While some circumstances can cause siblings to be raise ...
. The ship was designed with long endurance and high speed to facilitate her role as a commerce raider. She was laid out as a central-battery ironclad with her armament concentrated amidships. The iron-hulled ship was fitted with a
ram Ram, ram, or RAM most commonly refers to: * A male sheep * Random-access memory, computer memory * Ram Trucks, US, since 2009 ** List of vehicles named Dodge Ram, trucks and vans ** Ram Pickup, produced by Ram Trucks Ram, ram, or RAM may also ref ...
and was sheathed in wood and copper to reduce
fouling Fouling is the accumulation of unwanted material on solid surfaces. The fouling materials can consist of either living organisms (biofouling, organic) or a non-living substance (inorganic). Fouling is usually distinguished from other surfac ...
. Her crew numbered approximately 550 officers and men. The ship was
long overall Length overall (LOA, o/a, o.a. or oa) is the maximum length of a vessel's hull measured parallel to the waterline. This length is important while docking the ship. It is the most commonly used way of expressing the size of a ship, and is also u ...
. She had a
beam Beam may refer to: Streams of particles or energy *Light beam, or beam of light, a directional projection of light energy **Laser beam *Radio beam *Particle beam, a stream of charged or neutral particles **Charged particle beam, a spatially lo ...
of and a draught of .Wright, p. 127 The ship displaced at
deep load The displacement or displacement tonnage of a ship is its weight. As the term indicates, it is measured indirectly, using Archimedes' principle, by first calculating the volume of water displaced by the ship, then converting that value into weig ...
. ''Dmitrii Donskoi'' had a pair of three-cylinder
compound steam engines Compound may refer to: Architecture and built environments * Compound (enclosure), a cluster of buildings having a shared purpose, usually inside a fence or wall ** Compound (fortification), a version of the above fortified with defensive struc ...
driving a single propeller shaft. Steam was provided by eight cylindrical boilers.Watts, p. 79 The engines were designed to produce , but produced during
sea trial A sea trial or trial trip is the testing phase of a watercraft (including boats, ships, and submarines). It is also referred to as a "shakedown cruise" by many naval personnel. It is usually the last phase of construction and takes place on op ...
s which gave the ship a maximum speed around . The ship normally carried of coal which gave her an economical range of at a speed of , but she is known to have loaded in May 1889.Wright, pp. 127–128 She was
ship rig A full-rigged ship or fully rigged ship is a sailing ship, sailing vessel with a sail plan of three or more mast (sailing), masts, all of them square rig, square-rigged. Such a vessel is said to have a ship rig or be ship-rigged, with each mas ...
ged with three mastsSilverstone, p. 362 and had a total sail area of . To reduce
drag Drag or The Drag may refer to: Places * Drag, Norway, a village in Tysfjord municipality, Nordland, Norway * ''Drág'', the Hungarian name for Dragu Commune in Sălaj County, Romania * Drag (Austin, Texas), the portion of Guadalupe Street a ...
while under sail, her
funnel A funnel is a tube or pipe that is wide at the top and narrow at the bottom, used for guiding liquid or powder into a small opening. Funnels are usually made of stainless steel, aluminium, glass, or plastic. The material used in its constructi ...
s were retractable. The highest speed that she made solely under sail was . ''Dmitrii Donskoi'' was armed with two 30-
calibre In guns, particularly firearms, but not artillery, where a different definition may apply, caliber (or calibre; sometimes abbreviated as "cal") is the specified nominal internal diameter of the gun barrel bore – regardless of how or wher ...
Model 1877 guns, on
sponson Sponsons are projections extending from the sides of land vehicles, aircraft or watercraft to provide protection, Instantaneous stability, stability, storage locations, mounting points for weapons or other devices, or equipment housing. Watercra ...
s on the upper deck between the funnels. The fourteen 28-calibre Model 1877 guns were mounted in casemates on the main deck. Anti-
torpedo boat A torpedo boat is a relatively small and fast naval ship designed to carry torpedoes into battle. The first designs were steam-powered craft dedicated to ramming enemy ships with explosive spar torpedoes. Later evolutions launched variants of ...
defence was provided by a number of nine-pounder (), four-pounder () and five-barreled revolver
Hotchkiss gun The Hotchkiss gun can refer to different types of the Hotchkiss arms company starting in the late 19th century. It usually refers to the 1.65-inch (42 mm) light mountain gun. There were also navy (47 mm) and 3-inch (76 mm) ...
s.Sources disagree on the numbers of each weapon at any time. The ship was also equipped with four above-water
torpedo tube A torpedo tube is a cylindrical device for launching torpedoes. There are two main types of torpedo tube: underwater tubes fitted to submarines and some surface ships, and deck-mounted units (also referred to as torpedo launchers) installed aboa ...
s.Campbell, p. 187 The ship's
waterline The waterline is the line where the hull of a ship meets the surface of the water. A waterline can also refer to any line on a ship's hull that is parallel to the water's surface when the ship is afloat in a level trimmed position. Hence, wate ...
belt was composed of
compound armour Compound armour was a type of armour used on warships in the 1880s, developed in response to the emergence of armor-piercing shells and the continual need for reliable protection with the increasing size in naval ordnance. Compound armour was a n ...
and extended the full length of the ship. It was six inches thick amidships, but reduced to at the ship's ends. It extended above the waterline and below. Transverse bulkheads thick protected the guns in the
battery Battery or batterie most often refers to: * Electric battery, a device that provides electrical power * Battery (crime), a crime involving unlawful physical contact Battery may also refer to: Energy source * Battery indicator, a device whic ...
from
raking fire In naval warfare during the Age of Sail, raking fire was Naval artillery in the Age of Sail, cannon fire directed parallel to the long axis of an enemy ship from ahead (in front of the ship) or astern (behind the ship). Although each shot was d ...
. The sponsons of the 8-inch guns were equally thick. The protective deck was thick.


Service

Construction began on ''Dmitrii Donskoi'' on 22 September 1880,All dates used in this article are
New Style Old Style (O.S.) and New Style (N.S.) indicate dating systems before and after a calendar change, respectively. Usually, they refer to the change from the Julian calendar to the Gregorian calendar as enacted in various Europe, European countrie ...
at the New Admiralty Shipyard in
St. Petersburg Saint Petersburg, formerly known as Petrograd and later Leningrad, is the second-largest city in Russia after Moscow. It is situated on the River Neva, at the head of the Gulf of Finland on the Baltic Sea. The city had a population of 5,601, ...
, and the keel-laying ceremony was held on 21 May 1881. She was launched on 30 August 1882 and completed in early 1885. The ship's total cost was 3,421,468
ruble The ruble or rouble (; rus, рубль, p=rublʲ) is a currency unit. Currently, currencies named ''ruble'' in circulation include the Russian ruble (RUB, ₽) in Russia and the Belarusian ruble (BYN, Rbl) in Belarus. These currencies are s ...
s. She was named after
Dmitry Donskoy Dmitry Ivanovich Donskoy (; 12 October 1350 – 19 May 1389) was Prince of Moscow from 1359 and Grand Prince of Vladimir from 1363 until his death. He was the heir of Ivan II. He was the first prince of Moscow to openly challenge Mongol ...
, Grand Duke of Moscow. She sailed to the Mediterranean on 8 August 1885 and remained there until she arrived at Port Said on 6 March 1887 en route to the Far East. ''Dmitrii Donskoi'' reached
Nagasaki , officially , is the capital and the largest Cities of Japan, city of Nagasaki Prefecture on the island of Kyushu in Japan. Founded by the Portuguese, the port of Portuguese_Nagasaki, Nagasaki became the sole Nanban trade, port used for tr ...
, Japan, on 19 May and remained in Japanese waters for several months. The ship arrived at Vladivostok on 20 July and accidentally grounded on 12 October whilst conducting torpedo practice. Only lightly damaged, she was refloated the following day. ''Dmitrii Donskoi'' wintered in Japan that year and made port visits to
Chefoo Yantai, formerly known as Chefoo, is a coastal prefecture-level city on the Shandong Peninsula in northeastern Shandong province of the People's Republic of China. Lying on the southern coast of the Bohai Strait, Yantai borders Qingdao o ...
and
Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...
in February 1888. She was refitted in Yokohama before she began her return to the Baltic on 20 January 1889. The ship was inspected by
Tsar Alexander III Alexander III (; 10 March 18451 November 1894) was Emperor of Russia, King of Congress Poland and Grand Duke of Finland from 13 March 1881 until his death in 1894. He was highly reactionary in domestic affairs and reversed some of the liberal ...
after her arrival at
Kronstadt Kronstadt (, ) is a Russian administrative divisions of Saint Petersburg, port city in Kronshtadtsky District of the federal cities of Russia, federal city of Saint Petersburg, located on Kotlin Island, west of Saint Petersburg, near the head ...
on 12 June. She began a lengthy
overhaul Overhaul may refer to: * The process of overhauling, see ** Maintenance, repair, and overhaul ** Refueling and overhaul (eg. nuclear-powered ships) ** Time between overhauls Time between overhauls (abbreviated as TBO or TBOH) is the manufactu ...
in preparation for her next foreign cruise shortly afterwards.Wright, p. 139 ''Dmitrii Donskoi'' began her second foreign cruise on 3 October 1891 when she sailed for the Mediterranean, visiting
Brest, France Brest (; ) is a port, port city in the Finistère department, Brittany (administrative region), Brittany. Located in a sheltered bay not far from the western tip of a peninsula and the western extremity of metropolitan France, Brest is an impor ...
en route. She was reclassified as a cruiser of the first rank on 13 February 1892 and remained in the Mediterranean for another month or so. The ship reached Vladivostok on 29 June, stopping at
Aden Aden () is a port city located in Yemen in the southern part of the Arabian peninsula, on the north coast of the Gulf of Aden, positioned near the eastern approach to the Red Sea. It is situated approximately 170 km (110 mi) east of ...
,
Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...
, and
Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
en route. ''Dmitrii Donskoi'' served as the
flagship A flagship is a vessel used by the commanding officer of a group of navy, naval ships, characteristically a flag officer entitled by custom to fly a distinguishing flag. Used more loosely, it is the lead ship in a fleet of vessels, typically ...
of
Rear Admiral Rear admiral is a flag officer rank used by English-speaking navies. In most European navies, the equivalent rank is called counter admiral. Rear admiral is usually immediately senior to commodore and immediately below vice admiral. It is ...
Tirtov several times during the year. She spent the winter in Yokosuka and Nagasaki before she sailed in early 1893 to America for a goodwill visit to mark the 400th anniversary of America's discovery. In Algiers in March, the ship picked up
Grand Duke Alexander Mikhailovich of Russia Grand Duke Alexander Mikhailovich of Russia (; 13 April 1866 – 26 February 1933) was a Russian grand duke and dynast of the House of Holstein-Gottorp-Romanov, House of Romanov. He was also a naval officer, author, explorer, as well as the first ...
and became flagship of Rear Admiral Kaznakov who commanded all the Russian ships at the exhibition. ''Dmitrii Donskoi'' reached
New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...
on 25 April and participated in the
Presidential Review A Naval Review is an event where select vessels and assets of the United States Navy are paraded to be reviewed by the President of the United States or the Secretary of the Navy. Due to the geographic distance separating the modern Structure ...
two days later. She made port visits to
Philadelphia Philadelphia ( ), colloquially referred to as Philly, is the List of municipalities in Pennsylvania, most populous city in the U.S. state of Pennsylvania and the List of United States cities by population, sixth-most populous city in the Unit ...
,
Boston Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...
and
Newport, Rhode Island Newport is a seaside city on Aquidneck Island in Rhode Island, United States. It is located in Narragansett Bay, approximately southeast of Providence, Rhode Island, Providence, south of Fall River, Massachusetts, south of Boston, and nort ...
before she arrived back at Kronstadt in early September. During the ship's lengthy 1893–95 refit, she was rearmed with six 45-calibre six-inch guns, ten 45-calibre guns, and six guns. Her boilers may have been replaced at this time and her sailing rig was replaced by three pole masts.
Wilgelm Vitgeft Wilhelm Withöft (; October 14, 1847 – August 10, 1904), commonly known as Wilgelm Vitgeft, was a Russo-German admiral in the Imperial Russian Navy, noted for his service in the Russo-Japanese War of 1904-1905. Biography Withöft was born ...
was appointed as the ship's captain in late 1895 and ''Dmitrii Donskoi'' began her voyage to the Far East on 10 November. She was one of the Russian ships that occupied Port Arthur in March 1898 and participated in suppressing the
Boxer Rebellion The Boxer Rebellion, also known as the Boxer Uprising, was an anti-foreign, anti-imperialist, and anti-Christian uprising in North China between 1899 and 1901, towards the end of the Qing dynasty, by the Society of Righteous and Harmonious F ...
in mid-1900. The ship was ordered home in late 1901. ''Dmitrii Donskoi'' was refitted again upon her arrival and six of her 4.7-inch guns were replaced by six guns and two additional 47 mm guns. After the completion of her refit, she escorted a group of seven destroyers and five torpedo boats to the Mediterranean in October 1903 where they were assigned to the Mediterranean Squadron under the command of Rear Admiral Virenius. The Naval Staff decided to reinforce the Pacific Squadron with the Mediterranean Squadron in December, but its departure was delayed by repairs to the
battleship A battleship is a large, heavily naval armour, armored warship with a main battery consisting of large naval gun, guns, designed to serve as a capital ship. From their advent in the late 1880s, battleships were among the largest and most form ...
after it had grounded. When the Russo-Japanese War began in February 1904, the squadron was in the
Red Sea The Red Sea is a sea inlet of the Indian Ocean, lying between Africa and Asia. Its connection to the ocean is in the south, through the Bab-el-Mandeb Strait and the Gulf of Aden. To its north lie the Sinai Peninsula, the Gulf of Aqaba, and th ...
and was recalled to the Baltic lest it be caught and destroyed en route by the Japanese.Wright, p. 142


Sinking

''Dmitrii Donskoi'' was assigned to the cruiser force of the Second Pacific Squadron and departed Libau on 15 October 1904 bound for Vladivostok with
Captain 1st Rank Captain 1st rank () is a rank used by the Russian Navy and a number of List of communist states#Former communist states, former communist states. The rank is the most senior rank in the staff officers' career group. The rank is equivalent to Colone ...
Lebedev in command. En route in the North Sea, she was damaged by friendly fire from seven sister ships in mistake for a Japanese vessel during the
Dogger Bank Incident The Dogger Bank incident (also known as the North Sea Incident, the Russian Outrage or the Incident of Hull) occurred on the night of 21/22 October 1904, during the Russo-Japanese War, when the Baltic Fleet of the Imperial Russian Navy mistook ...
of 21/22 October. The ship passed the
Cape of Good Hope The Cape of Good Hope ( ) is a rocky headland on the Atlantic Ocean, Atlantic coast of the Cape Peninsula in South Africa. A List of common misconceptions#Geography, common misconception is that the Cape of Good Hope is the southern tip of Afri ...
on 20 December. Whilst approaching the
Strait of Tsushima or Eastern Channel (; ''Dongsuro'') is a channel of the Korea Strait, which lies between Korea and Japan, connecting the Sea of Japan, the Yellow Sea, and the East China Sea. The strait is the channel to the east and southeast of Tsushima Isl ...
on 27 May 1905, the Russian force was intercepted by the Japanese in the
Battle of Tsushima The Battle of Tsushima (, ''Tsusimskoye srazheniye''), also known in Japan as the , was the final naval battle of the Russo-Japanese War, fought on 27–28 May 1905 in the Tsushima Strait. A devastating defeat for the Imperial Russian Navy, the ...
. The cruiser was assigned to defend the transport ships at the rear of the Russian formation and was not seriously engaged during the day. She became separated from the rest of the fleet during the early evening and attempted to steam north to
Vladivostok Vladivostok ( ; , ) is the largest city and the administrative center of Primorsky Krai and the capital of the Far Eastern Federal District of Russia. It is located around the Zolotoy Rog, Golden Horn Bay on the Sea of Japan, covering an area o ...
through the Japanese fleet. ''Dmitrii Donskoi'' was unsuccessfully attacked by Japanese destroyers and torpedo boats during the night. The following morning, she helped to transfer the badly wounded squadron commander,
Vice Admiral Vice admiral is a senior naval flag officer rank, usually equivalent to lieutenant general and air marshal. A vice admiral is typically senior to a rear admiral and junior to an admiral. Australia In the Royal Australian Navy, the rank of Vice ...
Zinovy Rozhestvensky Zinovy Petrovich Rozhestvensky (, tr. ; – January 14, 1909) was a Russian admiral of the Imperial Russian Navy. He was in command of the Second Pacific Squadron in the Battle of Tsushima, during the Russo-Japanese War. Under Admiral Rozh ...
, from the
destroyer In naval terminology, a destroyer is a fast, maneuverable, long-endurance warship intended to escort larger vessels in a fleet, convoy, or carrier battle group and defend them against a wide range of general threats. They were conceived i ...
to the destroyer ''Biedovi'' and then was forced to scuttle ''Buinyi'' when the destroyer's machinery broke down. The destroyer's crew as well as some 205 survivors from ''Oslyabya'' were transferred to the cruiser before ''Buinyi'' was scuttled. As the ship sailed northward, she was spotted late in the day by several groups of Japanese ships and badly damaged in the ensuing combat. Captain Lebedev decided to run his ship aground on
Ulleungdo Ulleungdo (), also spelled Ulreungdo, is a South Korean island east of the Korean Peninsula in the Sea of Japan. It was formerly known as Dagelet Island or Argonaut Island in Europe. Volcanic in origin, the rocky steep-sided island is the top o ...
, but the ship anchored instead and all of the men aboard were taken to the island. Roughly 60 men of the ship's crew had been killed and another 120 wounded during the fighting. The next morning, 29 May, ''Dmitrii Donskoi'' was scuttled about a offshore at approximately . The survivors were taken prisoner that afternoon by landing parties from the destroyer and the
armed merchant cruiser An armed merchantman is a merchant ship equipped with guns, usually for defensive purposes, either by design or after the fact. In the days of sail, piracy and privateers, many merchantmen would be routinely armed, especially those engaging in lo ...
''Kasuga Maru''.


Shipwreck

In 2000, the Korea Ocean Research and Development Institute, contracted in 1999 by Dong Ah Construction Industrial Co., South Korea's fifth-largest construction company, was rumoured to have found the shipwreck of ''Dmitrii Donskoi''. A month beforehand, the company had gone into
receivership In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especia ...
, but was allowed to continue trading shares. Its share price rose by 41% in one week on media reports that 14,000 tons of gold (10% of all the gold ever mined on Earth) were on board the ship, but they never raised anything from the sea, and the company went bankrupt. South Korea's Institute of Ocean Science and Technology claims to have discovered the wreck in 2003 and has photographs dating from 2007 on its website.


Shinil Group

In July 2018, the Shinil Group, a South Korean treasure hunting company, announced it had found ''Dmitrii Donskoi'' below the surface, off the South Korean island of
Ulleungdo Ulleungdo (), also spelled Ulreungdo, is a South Korean island east of the Korean Peninsula in the Sea of Japan. It was formerly known as Dagelet Island or Argonaut Island in Europe. Volcanic in origin, the rocky steep-sided island is the top o ...
. Under the group's plan, a Chinese salvage company would attempt to retrieve the 5,500 boxes of
gold bullion A gold bar, also known as gold bullion or a gold ingot, is a quantity of refining, refined metallic gold that can be shaped in various forms, produced under standardized conditions of manufacture, labeling, and record-keeping. Larger varietie ...
and 200 tons of gold coins, altogether worth £101.3 billion (c. US$133 billion), which they believed to be inside the wreck. Half of the gold would be given back to Russia. The company, founded in June 2018, had not applied to South Korea's Ministry of Maritime Affairs and Fisheries for the salvage rights. No evidence was offered by Shinil Group for the ship carrying any gold when it sank. South Korea's financial regulator warned the public against investing money in treasure hunting ventures. Park Sung-jin, a spokesman for Shinil Group, said that a
cryptocurrency A cryptocurrency (colloquially crypto) is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. Individual coin ownership record ...
exchange website purporting to be theirs was fake. A representative of the
Central Naval Museum Central Naval Museum () is a naval museum in St Petersburg, Russia, reflecting the development of Russian naval traditions and the history of the Russian Navy. The museum’s permanent display includes such relics as the Botik of Peter the Great, ...
in
Saint Petersburg Saint Petersburg, formerly known as Petrograd and later Leningrad, is the List of cities and towns in Russia by population, second-largest city in Russia after Moscow. It is situated on the Neva, River Neva, at the head of the Gulf of Finland ...
said there was no evidence to support the claim of gold in the ''Dmitrii Donskoi''s wreck. On 26 July, the group changed its name to Shinil Marine Technology and publicly withdrew its claims about ''Dmitrii Donskoi'', having raised an estimated US$53 million in funds. A Singapore-based cryptocurrency exchange, Shinil Group PTE, from which Shinil Marine Technology had tried to distance itself, said that 124,000 pre-sale investors were signed up and the value of a coin was expected to rise by 25,000%. South Korean police launched a fraud investigation and imposed travel bans on heads of the Korean firm. A South Korean court found the vice chairman of the group guilty of fraud and sentenced him to a five-year prison term, along with a key accomplice. The former chairman of the group received a two-year prison sentence.


Notes


Footnotes


References

* * * * *


Further reading

* {{DEFAULTSORT:Dmitrii Donskoii Ships built at Admiralty Shipyard 1883 ships Naval ships of Russia Cruisers of the Imperial Russian Navy Russo-Japanese War cruisers of Russia Shipwrecks of the Russo-Japanese War Shipwrecks in the Tsushima Strait 2018 archaeological discoveries Maritime incidents in 1905