By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    Bitcoin.com's VERSE Token Now Available for Trading on Kucoin
    Bitcoin.com’s VERSE Token Now Available for Trading on Kucoin
    1 month ago
    Polygon (MATIC) vs. VC Spectra (SPCT) vs. Compound (COMP) - Which Will Surge The Fastest?
    Polygon (MATIC) vs. VC Spectra (SPCT) vs. Compound (COMP) – Which Will Surge The Fastest?
    12 months ago
    The Open Network (TON) Foundation engages Chainbase and Tencent Cloud for Web3 development and adoption
    The Open Network (TON) Foundation engages Chainbase and Tencent Cloud for Web3 development and adoption
    1 month ago
    Latest News
    SimpleFX Relaunches First Deposit Bonus
    3 hours ago
    TokenFi and New to The Street Announce National Media Partnership to Reach 219M+ Households
    4 hours ago
    BTCC Exchange Announces Triple Global Workforce Expansion at TOKEN2049 Singapore to Power Web3 Evolution
    11 hours ago
    1inch rebrands to reflect broader mission uniting DeFi and global finance
    12 hours ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    3 weeks ago
    Crypto Tax Rules In Russia – What You Should Know
    Crypto Tax Rules In Russia – What You Should Know
    1 month ago
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    1 month ago
    10 Next Big Meme Coin To Explode
    10 Next Big Meme Coin To Explode
    1 month ago
    9 Best AI-Powered Websites That Save You Hours of Work
    9 Best AI-Powered Websites That Save You Hours of Work
    2 months ago
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
    GAMBLE
    If You Looking For Casino Review . Than we Write Many Article About Casino Please Look This Page . We Update This Page On Daily…
    Show More
    Top News
    Pixiebet Casino Review: Welcome Bonus Up to 500 Euro
    Pixiebet Casino Review: Welcome Bonus Up to 500 Euro
    3 years ago
    Beep Beep Casino Review: Welcome Bonus $20 Free Sign-Up Bonus
    Beep Beep Casino Review: Welcome Bonus $20 Free Sign-Up Bonus
    9 months ago
    India's Crypto Betting Regulations
    Exploring India’s Crypto Betting Regulations
    2 years ago
    Latest News
    Unlim Casino 2025 – Games, Bonuses & Crypto Payments
    3 weeks ago
    1win Casino Games – Exciting Slots, Crash Games & Bonuses
    3 weeks ago
    Pinco Casino Review: Games, Bonuses & Features
    3 weeks ago
    r7 Casino Review: Login, Sign Up, Bonuses & Promotions
    3 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Russia to Auction $10M in Bitcoin Seized in Hack Case
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Russia to Auction $10M in Bitcoin Seized in Hack Case
Blockchain News / Crypto News

Russia to Auction $10M in Bitcoin Seized in Hack Case

News Alert
Last updated: 10/01/2025 10:07 PM
News Alert
9 months ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Russia to Auction $10M in Bitcoin Seized in Hack Case
SHARE

Russian Officials Preparing to Auction Seized Bitcoin from Cybercrime Case

Reports have emerged that Russian officials are considering selling a significant bitcoin haul they confiscated during the investigation of an international hacking group operating from 2010 to 2018. Local sources say the government will first dispose of $10 million in BTC and later sell over 1,000 BTC worth almost $100m.

Contents
  • Russian Officials Preparing to Auction Seized Bitcoin from Cybercrime Case
  • Bitcoin Confiscated from Infraud Hackers
  • Impacts on Global Bitcoin Liquidation

Bitcoin Confiscated from Infraud Hackers

These bitcoins were acquired after probing Infraud, a notorious hacker syndicate involved in worldwide credit card scams. In total, 5,212 BTC were seized as part of the operation. However, there was controversy around the case when Major Marat Tambiev who was at the forefront allegedly made a deal with hackers. He is said to have asked for fifty percent of the bitcoin taken away in exchange for favorable treatment including non-custodial sentences among other considerations such as house arrests.

Bitcoin Confiscated from Infraud Hackers

On April 7th, 2022, Tambiev reportedly obtained one thousand and thirty-two bitcoins before he later got arrested alongside his assistant, Kristina Lyakhovenko. Both faced legal repercussions: Tambiev was sentenced to 16 years in maximum security prison and fined over $5 million while Lyakhovenko received a nine-year sentence for falsifying evidence.

In 2023 on his office computer’s folder labeled “retirement”, law enforcement stumbled upon Tambiev’s Bitcoin holdings’ private keys.

- Advertisement -

The Treasury of Russia is in charge of these funds, which are in the process of being liquidated. Tambiev allegedly split the dirty cash into smaller purses and even transferred some to his relatives. The Russian prosecutor has made multiple applications to court requesting access to these distributed assets and has started legal proceedings against Tambiev and one of his uncles.

Some of these assets have been sold by the government with the first sale being approved by a court order. Other properties belonging to Tambiev including real estate and vehicles are also expected to go under the hammer.

Impacts on Global Bitcoin Liquidation

This case is similar to recent happenings in America where Justice Department got an approval for selling up to 69000 Bitcoins worth about $6.5 billion that were ceased from Silk Road market place. Opposite voices like former President Donald Trump who suggested having strategic Bitcoin reserve did not block US’ course in its plan for liquidation.

Therefore, Russian MPs have suggested setting up a national Bitcoin stockpile, which makes sense given that Vladimir Putin publicly endorsed Bitcoin at an investment conference held in Moscow.

Impacts on Global Bitcoin Liquidation

The government’s forthcoming sale of Tambiev’s ill-gotten Bitcoin could affect the worldwide cryptocurrency market and is likely to add to debates about Bitcoin’s place in national economies.

- Advertisement -

These unfolding events show how hard it is to manage seized cryptos and their impact on markets. It remains unclear if these liquidations will greatly impact the value of Bitcoin but they show that governments are increasingly engaging with cryptocurrencies.

Why Shiba Inu Large Transaction Volume Is Dropping Fast
Crypto Tax Rules In Russia – What You Should Know
Elon Musk Considering Blockchain To Bolster us Government Efficiency
10 Next Big Meme Coin To Explode
9 Best AI-Powered Websites That Save You Hours of Work
Share This Article
Facebook Email Print
Previous Article bchminer BCH Miner offers free mining, you can earn $5,500 per day using BCH Miner
Next Article 9 Top Apps For Self Improvement 9 Top Apps For Self Improvement
How To Buy Hey Anon: Step-by-Step Guide for Beginners
How To Buy Hey Anon: Step-by-Step Guide for Beginners
Guide & Crypto Education
SimpleFX Relaunches First Deposit Bonus
Press Releases
TokenFi and New to The Street Announce National Media Partnership to Reach 219M+ Households
Press Releases
9 Best Prop Firms in Sri Lanka – Top Funded Trading Opportunities
9 Best Prop Firms in Sri Lanka – Top Funded Trading Opportunities
Prop Firm

Latest Published

KuCoin Lists Unite (UNITE) as Trading Begins for Mobile-Focused Layer 3 Blockchain

KuCoin Lists Unite (UNITE) as Trading Begins for Mobile-Focused Layer 3 Blockchain

2 months ago
Ripple CTO Explains Why XRPL On-Chain Activity Remains Low Despite Global Adoption

Ripple CTO Explains Why XRPL On-Chain Activity Remains Low Despite Global Adoption

2 months ago
Why Is XRP Going Up? Key Reasons Explained

Why Is XRP Going Up? Key Reasons Explained

2 months ago
Michael Saylor Breaks Silence with Ominous Message as Bitcoin Stalls Near Peak

Michael Saylor Breaks Silence with Ominous Message as Bitcoin Stalls Near Peak

2 months ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?