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Russian authorities are reportedly looking to liquidate a major Bitcoin stash seized during investigations into an international cybercrime gang that operated between October 2010 and February 2018. According to local reports , the government will initially dispose of about $10 million worth of BTC and plan to sell more than 1,000 BTC, which are currently valued at nearly $100 million. Bitcoin Confiscated From Hackers The assets were retrieved during a probe of the infamous Infraud hacking group, notorious for credit card-related scams around the world. During the exercise, investigators seized 5,212 BTC belonging to the gang. However, one of the officers leading the inquiry, Major Marat Tambiev, is alleged to have met a lawyer representing several members of the Infraud organization and demanded half of the BTC in exchange for not confiscating the other half and sparing the criminals from penal detention in favor of house arrest. According to reports, Tambiev received 1,032 BTC on April 7, 2022, but was subsequently arrested along with his assistant, Kristina Lyakhovenko. He was charged with accepting a bribe and sentenced to 16 years in a maximum security prison and a fine of over $5 million. For her part, Lyakhovenko was jailed for nine years after being found guilty of falsifying evidence. In 2023, police found the private keys to the disgraced officer’s Bitcoin holdings in a folder labeled “Pension” on his work computer. These funds are being transferred by the Russian Treasury, with efforts to liquidate the entire stash apparently being complicated by legal hurdles. It is alleged that Tambiev split his illicit windfall into smaller amounts and kept them in separate wallets, meaning prosecutors will have to file several requests to the court to access them all. Further, the ex-investigator is said to have passed off some of the coins to family members, with the office of the Prosecutor-General filing a case against him and one of his uncles. The initial sale resulted from the court granting the prosecutors leave to dispose of the first batch. Additionally, authorities are looking to sell other properties belonging to Tambiev, including real estate and motor vehicles. Silk Road BTC Could Hit the Market Recently, news emerged that the U.S. Justice Department had received clearance to liquidate up to 69,000 coins worth around $6.5 billion, much of which came from the defunct Silk Road online marketplace. This is despite incoming President Donald Trump urging the current administration not to sell any cryptocurrency in its holding as he and his allies look to create a strategic Bitcoin reserve . Russian lawmakers have also made a similar proposal for a national BTC stockpile, encouraged by President Vladimir Putin’s public support for the asset while at an investment forum in Moscow. The post Russia to Sell $10M in Bitcoin Seized in Hack Case appeared first on CryptoPotato .
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Leading Satoshi Candidate $10 Million Bitcoin Prediction Surfaces After 16 Years
Bitcoin`s $10 million prediction when it was $0 has emerged years later Crypto Potato
Turn $450 into $45K This Cycle The Potential Token to Watch Isn’t Solana or Ripple
While popular cryptocurrencies like Solana (SOL) and Ripple (XRP) often dominate headlines, savvy investors are shifting their focus to Lightchain AI (LCAI) , a rising star in the crypto world. With its presale raising an impressive $9.7 million at a token price of $0.004875, Lightchain AI is positioning itself as the token to watch this cycle, offering extraordinary growth potential. Lightchain AI Game-Changer in the Making Unlike established giants like Solana or Ripple, Lightchain AI is an emerging player with a distinct value proposition. Focused on addressing inefficiencies in blockchain technology, it offers a versatile platform designed to adapt across multiple industries. By combining blockchain with cutting-edge AI, Lightchain AI tackles challenges such as scalability and privacy, positioning itself to lead the shift toward decentralized intelligence and real-world applications. The robust tokenomics of Lightchain AI (LCAI) ensures sustainability, with its 10 billion token supply distributed strategically - 40% for presale, 28.5% for staking rewards, 15% for liquidity, 5% for marketing, 6.5% for the treasury, and 5% for the team. This thoughtful allocation provides a strong foundation for growth and innovation. Lightchain AI’s success during its presale highlights its credibility, attracting early investors eager for high-growth opportunities. With its ability to innovate and solve practical challenges, Lightchain AI is a project to watch, offering a chance to get in on the ground floor of a token set for substantial impact. Why Solana and Ripple Investors Are Taking Note Solana and Ripple has shown their strength and use in the block chain area, each making a special spot. Solana has got fame for its great speed of deals and low prices, making it a favorite for builders of apps that are not run by one person. Ripple, in the other hand, has made its place in changing payments between countries, giving quicker and cheaper options for banks around world. But, Lightchain AI offers something completely fresh. With its focus on making blockchain solutions that can grow and change, it is a special project made to matc͏h the changing needs of firms and workers. By putting new ideas and change first, Lightchain AI can meet some of the big problems in the field, from dealing with bigger deal counts to fitting different needs. How $450 Can Turn Into $45K With Lightchain AI What if a small $450 investment could turn into a life-changing $45K—or even more? Lightchain AI is paving the way for exponential growth, and the potential is astounding. Here’s the math - at $0.004875 per token, a $450 investment secures you about 92,307 LCAI tokens. If the token price climbs to $0.50, your $450 grows to $46,154. And if it hits $1? That same investment skyrockets to $92,307! But it’s not just about numbers— Lightchain AI’s unique value proposition and scalability make it a standout player in the booming AI and blockchain space. For investors looking to ride the wave of innovation and achieve big returns, Lightchain AI could be your golden ticket. Don’t miss out on this exciting opportunity to be part of something groundbreaking! https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://x.com/LightchainAI https://t.me/LightchainProtocol Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice Crypto Potato
