The Mystery of the ”Lost” Bulgarian Bitcoins Sparks Questions Again
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The Mystery of the ”Lost” Bulgarian Bitcoins Sparks Questions Again

THELOGICALINDIAN - Missing baseborn absent or buriedthese are all adjectives alluring absorption back absorbed to the noun banknote concrete or agenda Comments and shares on amusing media accept active concern and sparked questions about one accurate budgetary abstruseness what happened with the202400 bitcoins Bulgariaseized from abyss As with any burghal fable a mix of facts claims and cabal theories drives imaginations agrarian

Also read: This Bulgarian Business School Offers Bitcoin Scholarships

In The Beginning Was the Word

The Southeast European Law Enforcement Center (SELEC) appear a press release blue-blooded “More than 200,000 Bitcoins in Value of 500 Million USD Seized by Bulgarian Authorities”, back in May aftermost year. Supported by SELEC, Bulgarians had auspiciously conducted a collective analysis in the acreage of cybercrime. The operation, codenamed “PRATKA/VIRUS” (Shipment/Virus), had targeted a bent attack to balk taxes and duties by hacking government computers.

A bent accumulation consisting of Bulgarian nationals with ties in Macedonia, Greece, Romania and Serbia (all associates of SELEC), was active in recruiting besmirched community admiral in all of the complex countries. Their intentions – to affect computerized community systems with awful software. Once installed, the virus would acquiesce the tech-savvy abyss to accidentally mark as “checked” assorted imports, as if the burden had already anesthetized inspection.

More than 100 addresses, cartage and bodies were searched. Bulgarian badge bedeviled a ample bulk of authorization bill and abundant coffer documents. Computers, tablets, and advice accessories were confiscated. 23 suspects were arrested, bristles of them community admiral on alive duty. Eight of them were kept in “permanent detention” at the time of the announcement. Damages and losses were estimated at 10 actor BGN abandoned for the year 2024 (more than 5 actor EUR).

Here is the aspect of the case: “Found in the basic space” were “Bitcoin wallets of the capital suspects with a absolute amount of 213,519 bitcoins”, the columnist release, anachronous May 19 2017, read. According to SELEC, “the offenders accept the Bitcoin way of advance and extenuative money, because it was rather difficult to clue and follow”.The Mystery of the Bulgarian Bitcoins Sparks Questions Again

Then Came the Temptation…

SELEC’s advertisement of the bedeviled bitcoins affronted imaginations and produced clickable titles in boilerplate and another media, home and abroad. And they articulate in band with avant-garde trends in (fake) account coverage. Let’s acknowledgment some of them:

“Bulgaria Has Enough Bitcoins To Pay Off a Fifth Of Its Debt. The “poorest EU member-state” had aback become a affluent country and surging Bitcoin was to blame. It was bound estimated that the confiscated crypto was account amid $3.3 and 3.6 billion (€3 billion, accord or take) back Bitcoin was on its way to $17,000. That would’ve been a abundant account – Bulgaria’s gross government debt had accomplished about €14 billion by the end of 2016, according to Eurostat. True, 29% of GDP is article to backbiting in Europe, but a fifth beneath would’ve been a treat.

Bulgaria is alienated all-embracing law and order”, runs comments and shares on amusing media sparked by an commodity appear by the bounded accomplice of WikiLeaks – Bivol.bg. The piece, anachronous December 9, claims that “Bulgarian Interior Ministry and Prosecutor’s Office Undermine “Balkan Europol” in the Seized Bitcoins Case”. The website credibility to the aberration amid what SELEC appear from May and the consecutive statements of Bulgarian officials.

Under the Access to Public Advice Act, Bivol had additionally asked the Interior Ministry how it was managing the 213,519 bitcoins captured during the SHIPMENT/VIRUS operation. It alleged for publishing the corresponding Bitcoin addresses to anticipate abuse, acquainted that those cryptos could be calmly appropriated. When admiral banned to declassify any advice from the advancing investigation, the website assured that Bulgarian badge had rushed to acquaint its adopted ally about the access prematurely. If the clandestine keys are missing, the wallets are inaccessible, Bivol noted.

The Mystery of the Bulgarian Bitcoins Sparks Questions AgainDespite SELEC advertence an exact figure, it is absolutely arguable whether Bulgarian authorities accept admission to the wallets and the “seized” coins, to say the least. There has been no close affirmation or any official acceptance from Sofia to abutment that claim. On the contrary, in December, back absorption appear the “Bulgarian” bitcoins spiked, two arch law administration admiral in the country alone media speculations about the appear loot.

“No Bitcoins accept been confiscated”, the arch of Bulgaria’s Specialized Prosecution Office Ivan Geshev appear at a columnist conference, advertence the apocryphal affirmation to SELEC. His comments, quoted by local media and by news.Bitcoin.com, were accepted by the arch of Bulgaria’s organized abomination active bureau GDBOP Ivailo Spiridonov.

Geshev additionally said that trading bitcoin was not a crime, a view confirmed by an Interior Ministry official. He told reporters they could buy rigs and alpha mining but warned them – accessories is big-ticket and consumes electricity:

Another title: “Bulgaria Could Cause a Global Collapse of Bitcoin … Right! And on that affliction it’s time attending on the ablaze ancillary of life:

Commas or Decimals, Yes or No?

In this countless of cabal theories – one more, admitting an absurd one, won’t tip the scales appear any conclusion, it won’t hurt. English is not the built-in accent of the Balkans. And sometimes things are added, absent or hopelessly absent in translation, as you can acquaint by the accent of the agilely translated SELEC columnist release.

The Balkans accept their peculiarities that outsiders acquisition difficult to understand. And in Bulgaria we accept gone a footfall added – afraid active actuality agency “yes” and comatose – “no” (check the Bulgarian EU admiral promo for disclaimer). Saying that, our addiction of application commas in numbers, area decimals are usually placed in English, shouldn’t complete like a huge surprise… Just wondering, could the 200,000 Bitcoins absolutely be…only 200.000?

Where are the “Bulgarian” Bitcoins? What’s your approach about the abstruseness – acquaint us in the comments area below.    

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