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Finnish Customs Sold Almost 1,900 BTC for $47.5 Million

Finnish Customs announced the sale of 1,889 Bitcoins seized during investigations into drug crimes.

According to a press release, Customs in Finland sold 1,889.1 Bitcoins via two cryptocurrency brokers for 46.5 million euros ($47.5 million). Customs obtained most of the Bitcoin during investigations into drug crimes before 2018.

A picture of The bitcoins were sold by two cryptocurrency brokers selected by Customs.

The bitcoins were sold by two cryptocurrency brokers selected by Customs.

In 2021, Customs selected two brokers to conduct the sale after a competitive negotiation. Per Bloomberg, the seized Bitcoins were worth $130 million in 2021, “but Finland made no attempt to time the market with its sale.”

A picture of The value of the seized BTC has dropped since 2021 | Bloomberg

The value of the seized BTC has dropped since 2021 | Bloomberg

Customs is waiting for a judgment of forfeiture on another 90 Bitcoins. Additionally, the agency has seized “other cryptocurrencies, but since the preliminary investigation into these cases is ongoing, the currencies or their amounts cannot be revealed in detail.”


Finnish Customs sold its legally forfeited cryptocurrencies | archive.is, archive.org, tulli.fi

10 Comments
Do you really want to comment here? not rules
86189689
610e8c60 Thu, Jul 21, 2022

A bunch of criminals…

20df0e4e
079a1f60 Fri, Jul 22, 2022

What side of the “LAW” are those officials on in Finland man???

8cd95d73
f4f0efe0 Sun, Jul 24, 2022

Tails+Tor+Monero。To protect people

526c76ed
90cd7840 Thu, Jul 21, 2022

Now use the money to fund surveillance systems and catch anti-vaxxers!

7788721f
b54d1b20 Sun, Jul 24, 2022

I wish they actually would do something about anti-vaxxers. At least you’d finally have something legitamite to cry about.

163ca54b
3f3c71e0 Sat, Jul 23, 2022

not your keys, not your coins, my ass

d0c37657
2a8b1800 Sat, Jul 23, 2022

We all have to work and when your work is criminal their work is selling off your proceeds.

d5e7c1aa
f78e7960 Sat, Jul 23, 2022

I thought there is no crime in Finland? Didn’t this people encrypt hard drives or something like that?

b771cdca
d4884690 Sun, Jul 24, 2022

Tails+Tor+Monero。To protect people

9c178569
362ca760 Wed, Jul 27, 2022

Get a hardware wallet now.

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