Russian governmentBitcoin seized from criminals $94,821.2He decided to transfer (BTC) to the treasury and sell it. Russia seems to be inspired by the practices of the USA in this move. Finally, by court decision, 1 billion rubles (approximately 9.79 million dollars) worth BitcoinIt was decided to transfer it to the state treasury. The BTCs in question are linked to Marat Tambiev, a former researcher accused of accepting bribes.
Historic Cryptocurrency Bribery Case in Russia
Marat Tambiev The case was recorded as one of the biggest bribery scandals in Russian history. Tambiev pleaded guilty in 2023 and was sentenced to 16 years in prison.
The court heard that Tambiev was a member of a notorious hacker group. Infraud OrganizationHe revealed that he received almost $10 million worth of Bitcoin bribes from . The amount was recorded as the largest cryptocurrency bribe ever received in Russia.
According to the TASS news agency, Tambiev received bribes in exchange for ending criminal cases of Infraud members and hiding cryptocurrency worth 14 billion rubles ($13.6 million). BTCs seized in December 2024 are currently stored in a hardware wallet Ledger. Authorities stated that Tambiev used these funds to stop the pursuit of criminal organizations.
BTCs Will Be Sold
Russia is preparing to sell Bitcoins transferred from Tambiev’s hardware wallet to the treasury. A total of 1,032 BTCs (about 1 billion rubles or 10 million dollars) are planned to be sold. The decision comes after the US recently put up for sale $6.9 billion worth of Bitcoin linked to the Silk Road case.
cryptocurrency marketSuch sales generally cause concern about increased volatility. However, analysts predict that the market will easily absorb these sales. Russia’s decision to sell Bitcoin is also being watched carefully in terms of international cryptocurrency policies.
The development shows that Russia’s process of bringing cryptocurrencies into its treasury continues. It also marks a period in which states consider cryptocurrencies as financial resources.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
