Bulgaria's Seized 200K Bitcoins Now Valued At $7.4B Goes Missing

The mystery surrounding the fate of Bulgaria’s 200k bitcoins that were captured as part of a cybercrime investigation continued to baffle the global crypto

Highlights

• The fate of Bulgaria’s 200k bitcoins that were captured as part of a cybercrime investigation continued to baffle the global crypto community.
• For the record in May 2017, the Southeast European Law Enforcement Center [SELEC] revealed that the Bulgarian authorities had seized a total of 213,519 bitcoins in a crackdown on an alleged customs fraud scam.
• The operation which was codenamed ‘Pratka/Virus’ targeted a scheme that compromise the customs’ computer systems for tax evasion purposes.
• Authorities alleged that those involved developed a virus that was designed to hack into Bulgarian Customs computers, allowing the criminals to avoid paying fees when transporting goods into the country.

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