Russia begins cashing out 1032 bitcoins due to bribery scandal

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Russian bailiffs seized bitcoins: Marat Tambiev's illegal asset handling

Case background:

Involved people: Marat Tambiev, former investigator of the Investigative Committee.

Criminal behavior: Tambiev was convicted of accepting the largest bribe in Russian history. He was accused of helping hacker organizations hide illegal funds and using his position to divert police investigations during the investigation.

Seized Bitcoin: In 2023, the Nikulinsky Court, at the request of the Prosecutor's Office, ordered the confiscation of 1032.1 bitcoins held by Tambiev. These bitcoins are believed to have been obtained through unverified sources of income.

Asset transfer:

Current progress: Russian bailiffs have begun to transfer these seized bitcoins to state revenue, and the initial stage of the process has already converted bitcoins into more than 1 billion rubles.

Batching: Because Tambiev split Bitcoin into smaller units, the authorities had to apply to the court several times to successfully recover and sell all the Bitcoin.

Asset Liquidation and Challenges:

In addition to Bitcoin, Tambiev's other assets (such as real estate, motorcycles, etc.) are also under liquidation review.

Legal Obstacles: Although the process is complicated, especially because Bitcoin is divided into small amounts, the Russian government is still determined to recover these illegal assets and ensure that they re-enter the state fiscal system.

Legal and Economic Impact of the Case:

State Revenue: Russian bailiffs provide a considerable source of funds for state revenue by selling seized assets, especially Bitcoin.

Bitcoin and the Law: This incident reflects the complexity of cryptocurrencies such as Bitcoin in the global legal framework, especially when it comes to illegal activities and money laundering. Due to the anonymity and decentralization of Bitcoin, the handling of these assets often faces many technical and legal challenges.

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