• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Confiscation from Tambiev: Transfer to State Revenue

user avatar

by Giorgi Kostiuk

a year ago

Russian bailiffs have initiated the transfer of over 1 billion rubles worth of Bitcoin seized from former investigator Marat Tambiev into state revenue.

The Seizure of 1032.1 BTC

In 2023, the Nikulinsky Court ordered the confiscation of 1032.1 BTC, deemed acquired through unconfirmed sources of income. This seizure has led to the transfer of the Bitcoin into Russia’s treasury, starting with the conversion into over 1 billion rubles.

Time and again, he rejected all allegations during the trial, denied cooperation with the authorities, and refused to admit guilt.

Legal Hurdles in Selling Seized Assets

The conversion of the seized Bitcoin into rubles faced several challenges. Tambiev had divided the Bitcoin into smaller amounts, necessitating multiple court requests to access and sell all the coins. In addition to Bitcoin, Tambiev’s assets, including real estate and a motorcycle, are also under review for liquidation.

Government's Determination to Reclaim Assets

Despite these challenges, the Russian government is determined to reclaim the stolen assets and ensure they are funneled back into the state's revenue.

The process of returning illegally obtained assets to the state treasury continues to be complex, but the authorities are determined to see it through.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP Faces Significant Correction Amid Market Panic

chest

XRP has plunged 69% from its recent high, causing widespread panic in the market, but analysts suggest this could be a setup for a major turnaround.

user avatarMaya Lundqvist

Conflicting Signals in Bitcoin Market: No Real Rally in Sight

chest

Recent analysis by data analyst CW indicates that key on-chain signals for Bitcoin show no genuine rally has begun, despite short-lived increases driven by speculation.

user avatarLeo van der Veen

XRP Price Approaches Potential Bottom Amid Major Capitulation Event

chest

XRP has recorded its largest realized loss spike since 2022, indicating a potential price bottom and recovery.

user avatarLi Weicheng

Bitcoin Miner Sells 1,300 BTC After 15 Years of Holding

chest

A notable Bitcoin miner sold 1,300 BTC, valued at approximately 750 million, after holding for 15 years, potentially signaling a profit-taking move.

user avatarAisha Farooq

Corporate Treasuries Mark First-Ever Selling Streak in Bitcoin

chest

Corporate treasuries have recorded their first-ever selling streak in Bitcoin, with three consecutive weeks of sales, indicating a shift to bearish market conditions.

user avatarTenzin Dorje

Michael Saylor's Firm Approaches Major Bitcoin Milestone

chest

Michael Saylor's firm is nearing its 100th Bitcoin purchase, continuing a strategy that has been in place since 2020.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.