Russia is about to sell 10 million dollars in Bitcoin, it is caught in a hack case

Russian authorities An investigation into an international cybercriminal group that operated between October 2010 and February 2018 is said to be seeking to destroy the Bitcoin core.

According to local reports, the government will initially remove about $10 million worth of BTC and plans to sell more than 1,000 BTC, which is currently worth about $100 million.

Bitcoin was stolen from hackers

The assets were discovered during an investigation by InfraD, a hacking group known for credit card fraud around the world.

During the exercise, detectives seized 5,212 BTC belonging to the gang. But Major Marat Tambiev, one of the officers leading the investigation, met with lawyers representing several members of the Infrad organization and demanded half of the BTC in order not to confiscate the remaining half and spare the criminals from prison. Favor of house arrest.

According to reports, Tambiev received 1,032 BTC on April 7, 2022, but was arrested along with his assistant Kristina Likhavenko. He was convicted of bribery and sentenced to 16 years in prison and fined more than $5 million. Lykakhovenko, on the other hand, was found guilty of tampering with evidence and served nine years in prison.

In the year In 2023, police found the private keys of a disgraced officer's Bitcoin holdings in a folder labeled “retirement” on his work computer. These funds are channeled through the Russian treasury, and efforts to get rid of the entire mess appear to be complicated by legal hurdles.

It is said that Tambiev divided the illegal windfall into small amounts and kept them in different wallets.

In addition, the former detective reportedly handed over some of the coins to family members, and the Attorney General's Office filed charges against him and his uncle. The first sale was due to the court allowing prosecutors to remove the first group.

In addition, authorities are looking to sell other assets belonging to Tambiev, including real estate and motor vehicles.

Silk Road may hit the BTC market.

Recently, news broke that the US Department of Justice had obtained authorization to mine up to 69,000 coins worth an estimated $6.5 billion, most of them from the defunct Silk Road online marketplace. Although incoming President Donald Trump has urged the current administration not to sell any cryptocurrency as he and his allies seek to create a strategic Bitcoin stockpile.

Russian lawmakers have also proposed a national BTC reserve, following President Vladimir Putin's public support for the asset at an investment forum in Moscow.