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

Russia Sells Seized Bitcoin Worth Millions

user avatar

by Giorgi Kostiuk

a year ago


Russian authorities have initiated the sale of cryptocurrency confiscated from the Infraud hacker group. A total of 1,032 Bitcoin were seized, marking the largest Bitcoin confiscation in the country's history.

Commencement of Seized Bitcoin Sale

TASS news agency reported that the Russian Treasury started the process of selling seized Bitcoins, beginning with a batch worth $10 million. In total, 1,032 Bitcoins were confiscated from the Infraud hacker group.

The Marat Tambiev Case

Former Investigative Committee officer Marat Tambiev was found guilty of accepting a bribe from the Infraud group. Hundreds of Bitcoins were found on his computer and storage devices. He was sentenced to 16 years in a maximum-security penal colony.

We have recently seen cryptocurrency involved in bribery cases. Cryptocurrency is the sector that is the least controlled by the state. And it is extremely difficult to track transfers made using crypto. However, it is not impossible.Marina Odintsova, head of the Kirov branch of the Association of Lawyers of Russia

Court Proceedings and Outcomes

The Balashikha court found Tambiev guilty and fined him 500 million rubles. His former subordinate, Kristina Lyakhovenko, was also found guilty and sentenced to 9 years. The case became the largest bribery incident involving cryptocurrency in Russia's history.

The inclusion of cryptocurrency in corruption cases highlights the challenges faced by the law enforcement system. Russian authorities continue to take measures to combat such crimes.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Hyper Addresses Scalability Issues

chest

Bitcoin Hyper, the first Bitcoin Layer 2 solution, aims to solve scalability challenges while enhancing transaction speed.

user avatarAndrew Smith

Ethereum Faces Resistance at $2,500 Amid Market Challenges

chest

Ethereum is facing challenges in reclaiming the $2,500 mark amid market headwinds and lackluster ETF inflows.

user avatarJacob Williams

Financial Services Commission Considers Ownership Cap for Crypto Exchanges

chest

The Financial Services Commission of South Korea is considering a proposal to limit ownership stakes for major shareholders in crypto exchanges, facing backlash from industry stakeholders.

user avatarZainab Kamara

South Korean Police Investigate Favoritism Allegations in Crypto Industry

chest

South Korean police are investigating favoritism allegations involving independent lawmaker Kim Byungkee, who allegedly sought employment for his son at Bithumb after failing to secure a position at Dunamu.

user avatarSon Min-ho

SUBBD Token Disrupts the Creator Economy with AI Integration

chest

SUBBD Token is emerging as a significant player in the creator economy, leveraging AI and decentralized payments to empower content creators and investors.

user avatarAyman Ben Youssef

Capital Flow in Cryptocurrency Market Shifts Towards Bitcoin Infrastructure

chest

The cryptocurrency market is witnessing a significant shift in capital flow, with investors moving towards Bitcoin infrastructure projects.

user avatarTando Nkube

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.