Russia To Liquidate Bitcoin Assets Seized In Infraud Case

According to Foresight News, the Russian Ministry of Finance is set to sell Bitcoin assets confiscated in the Infraud case. The initial sale will involve approximately $10 million worth of Bitcoin assets linked to former investigator Marat Tambiev. Tambiev was sentenced to 16 years in prison in 2023 for accepting bribes from the Infraud hacking organization. The case involves a total of 1,032.1 BTC. Due to Tambiev's strategy of distributing the Bitcoin across various wallets, law enforcement agencies are required to obtain separate court rulings for each wallet. The first batch of assets to be liquidated is stored in a Ledger Nano X hardware wallet. In addition to the Bitcoin assets, prosecutors also plan to liquidate Tambiev's real estate in the Moscow region and a Honda motorcycle.