Russia seizes 2,718 Bitcoin worth $10M from ex-ICRF official.
\nThe ex-official was involved in what has been termed the largest bribery case in Russia.
\nThe confiscated bitcoins will be added to the state revenue.<\/p>\n
Russian authorities have seized approximately $10 million worth of Bitcoin<\/a> from Marat Tambiev, a former employee of the Investigative Committee of the Russian Federation (ICRF).<\/p>\n The seizure, reported<\/a> by the local news agency TASS, involved the confiscation of 103 Bitcoin, stored in a Ledger Nano X hardware wallet, marking a significant moment in Russia\u2019s handling of digital assets in legal contexts.<\/p>\n Tambiev\u2019s conviction stems from what has been described as the largest bribery scandal in Russian history, involving a staggering 2,718 BTC bribe, which was valued at around $258 million at the time of sentencing.<\/p>\n The Nikulinsky District Court of Moscow had previously ordered the seizure of 1,032 BTC from Tambiev in 2023, citing the assets as derived from unconfirmed income.<\/p>\n The case against Tambiev came to light after his arrest in March 2022, where investigators discovered the private keys to his Bitcoin wallet in a folder named \u201cRetirement\u201d on his laptop.<\/p>\n The source of the bribe was traced back to the Infraud Organization, a notorious hacker group. Members from Kazakhstan and Estonia allegedly bribed Tambiev in exchange for favourable judicial decisions, including efforts to halt their own criminal prosecutions and hide assets worth over $138 million in cryptocurrency.<\/p>\n This case not only showcases the scale of corruption within certain sectors of Russian governance but also reflects the country\u2019s evolving stance on cryptocurrency.<\/p>\n As part of the legal proceedings, the confiscated Bitcoin will now be integrated into Russia\u2019s state revenue, a move that signals how the nation is dealing with digital currencies in official capacities.<\/p>\n This development comes as Russia is increasingly considering cryptocurrencies for international trade<\/a>, especially as a means to circumvent Western sanctions.<\/p>\n The finance minister has indicated openness to using Bitcoin in foreign trade, showcasing a potentially dual approach to crypto \u2014 one of regulation and integration, alongside stringent action against its misuse in criminal activities.<\/p>\n The post Russia confiscates $10M Bitcoin from former law enforcement official<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Russia seizes 2,718 Bitcoin worth $10M from ex-ICRF official. The ex-official was involved in what has been termed the largest bribery case in Russia. The confiscated bitcoins will be added to the state revenue. Russian authorities have seized approximately $10 million worth of Bitcoin from Marat Tambiev, a former employee of the Investigative Committee of […]<\/p>\n","protected":false},"author":0,"featured_media":2225,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-2224","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=2224"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/2225"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=2224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=2224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=2224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The largest bribery scandal in Russian history<\/h2>\n
The confiscated Bitcoin to be integrated into Russia\u2019s state revenue<\/h2>\n