Police seized 213.519 Bitcoin in Bulgaria - should we expect another "silk road" auction?

in #bitcoin7 years ago

That's quite a lot of Bitcoins. I wonder what will happen to them? Are they going to be auctioned, dumped, how it will influence the price? Naturally, part of them will probably end up on someone's private retirement fund addresses :) Bulgarian Bitcoin community should probably track where those coins moved (only if they know the original addresses)....

Photos: Bulgarian police (unfortunately, they didn't take picture of Bitcoins :D)
fe20873c00eb427bb617.jpeg
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The Bulgarian authorities successfully finalized the joint investigation PRATKA/VIRUS in the field of cybercrime, committed by compromising the countries Customs computerized systems in order to avoid and save taxes. The organized criminal group consisted in Bulgarian nationals having connections in The former Yugoslav Republic of Macedonia, Hellenic Republic, Romania and Republic of Serbia. The modus operandi used was recruiting corrupted Customs officers in all involved countries with the purpose to infiltrate a virus in the Customs’ computerized systems. Once the virus installed, from distance, the offenders were able to finalize various transports, as in the Customs’ system appeared that the cargo was already checked and passed.

The Bulgarian authorities have searched more than 100 addresses, suspects and vehicles. A large quantity of money was seized, as well as equipment, devices for communication, computers, tablets, bank documents, etc. 23 suspects were arrested, 5 of them acting as Bulgarian Customs officers. As result of this criminal activity the damages recorded by the Customs Agency, only for year 2015, is around 10 million Euro. As well, up to now were found in the virtual space bitcoin wallets of the main suspects with a total value of 213,519 bitcoins. As a reference, the value of one bitcoin is rating to 2354 USD. The offenders choose the bitcoin way of investing/saving the money, because it is rather difficult to be tracked and followed.

Source: http://www.selec.org/

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Don't think they will auction it, everyone knows the value of bitcoin now.
Silk Road v2.0

So, you think they'll just dump it all at once or in lots and cause price drops? That would be stupid for them to do. Better sell it patiently, one by one, and get better price :)

Smart investors HUH !
Can't see pictures of BitCoin =]]]]]]]
Did not expect this tech knowledge from Bulgarian police =0
no offense
=]

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