Russia has announced plans to liquidate approximately $100 million worth of Bitcoin seized from hackers.
This decision comes after the seizure of over 1,032 BTC from a former investigator, Marat Tambiev, who was convicted of accepting cryptocurrency bribes from the hacker group Infraud Organization.
Tambiev, who was sentenced to 16 years in prison, highlighted the increasing use of digital assets in criminal activities.
Russian authorities face legal challenges in liquidating all the seized bitcoins, as Tambiev split the coins into smaller amounts, requiring multiple court rulings for the complete sale.
The initial sale involves approximately $10 million worth of BTC, but prosecutors are eager to liquidate more of the seized crypto assets.
This movement can influence market dynamics and price volatility in the short term.
#RussianExports #ElonMuskTalks #BTC
