Russia Starts Selling Confiscated Bitcoin, Market Awaits Reaction! 🇷🇺

According to Cryptonews, Russia is in the process of exchanging Bitcoin confiscated from the Infraud hacking organization investigation for fiat currency. This operation involves over 1,000 Bitcoins, valued at nearly $10 million. The official media TASS confirmed that the first batch of Bitcoins sold came from former investigator Marat Tambiev, who was sentenced to 16 years in prison for accepting bribes.

However, the selling process has not been smooth. Because Tambiev stored the Bitcoins in a dispersed manner, the bailiffs need to obtain court permission one by one to liquidate these assets. Currently, the court has approved the sale of some Bitcoins, and the market will closely monitor this dynamic. 📈