Russian traffic police officer sentenced to 7 years for violently obtaining evidence and stealing hundreds of thousands of dollars worth of Bitcoin

2025-12-27 by admin

BlockBeats news, December 27, a traffic police officer in Ufa, Russia, was sentenced to 7 years in prison for stealing approximately 20 million rubles (equivalent to several hundred thousand US dollars) worth of Bitcoin. The case dates back to 2022, when the officer illegally accessed the mobile phones of two detainees during case handling, transferred BTC via messaging apps and crypto wallets, and engaged in violent evidence collection. The court sentenced him to 7 years in a general supervision prison, ordered compensation to the victims of about 20 million rubles, and stripped him of his police rank. (Bits.media)

PANews reported on December 31 that Tom Lee, co-founder of Fundstrat and chairman of BitMine, wrote on the X platform: "Typically, during these last holiday trading sessions, many institutional investors exit the market, and algorithmic trading programs and bot trading programs begin to dominate the market, along with sell-offs for tax avoidance. These constitute the market dynamics in the last few days of December." Previously, in BitMine's announcement of acquiring 44,463 ETH last week, Tom Lee mentioned that market activity tends to slow down as the year enters its final weeks of holiday season. Year-end tax-avoidance selling depresses cryptocurrency and cryptocurrency-related stock prices, with this effect typically most pronounced between December 26th and December 30th; therefore, they are adjusting their market strategy accordingly. Earlier today, it was reported that Bitmine pledged another 118,944 ETH and increased its holdings by 32,938 ETH .