Swedish authorities owe $ 1.5 million to three drug traffickers for a bureaucratic error. The criminals paid their fine in bitcoins despite being tried in Swedish crowns, and now the authorities must return the increased value. Facebook plans to launch its digital wallet and enter the NFT world
The Swedish authorities are being forced to pay nearly $ 1.5 million to three drug traffickers . The reason for this is that the value of the bitcoins with which they paid their fine has multiplied by 10 during the time they have spent in prison.
Hackers achieve the biggest loot in history: more than 500 million euros in cryptocurrencies
According to the Swedish national station Sveriges Radio, the criminals were convicted in April 2019 of selling illegal drugs in large quantities over the Internet . In addition, the authorities seized 36 bitcoins, which at that time was about $ 150,000.
The Swedish state did not immediately sell the bitcoins at the time, instead auctioning them off two years later. In this long period of time, the value of bitcoins has risen and the value of what drug traffickers once gave has amounted to more than $ 1.5 million.
The problem is that the authorities fined the criminals in Swedish crowns, instead of in bitcoins . For that reason, the government must now return the remaining 33 bitcoins to the traffickers due to a bureaucratic error.
Anom, the smartphone used by the FBI to catch criminals
Tove Kullberg, the prosecutor in the case, said in an interview with Sveriges Radio that he considered ” regrettable that it turned out this way .” In addition, he added the following: ” The lesson to be learned here is to keep the value in bitcoins, that the fine for the crime was 35 bitcoins, regardless of the value of the bitcoin at that time .”
As a result of this situation, the Swedish authorities have notified a week ago that in autumn the country’s Public Prosecutor’s Office will present a legal guide on how to act when cryptocurrencies are involved in the cases.
Swedish authorities owe $ 1.5 million to three drug traffickers for a bureaucratic error. The criminals paid their fine in bitcoins despite being tried in Swedish crowns, and now the authorities must return the increased value. Facebook plans to launch its digital wallet and enter the NFT world
The Swedish authorities are being forced to pay nearly $ 1.5 million to three drug traffickers . The reason for this is that the value of the bitcoins with which they paid their fine has multiplied by 10 during the time they have spent in prison.
Hackers achieve the biggest loot in history: more than 500 million euros in cryptocurrencies
According to the Swedish national station Sveriges Radio, the criminals were convicted in April 2019 of selling illegal drugs in large quantities over the Internet . In addition, the authorities seized 36 bitcoins, which at that time was about $ 150,000.
The Swedish state did not immediately sell the bitcoins at the time, instead auctioning them off two years later. In this long period of time, the value of bitcoins has risen and the value of what drug traffickers once gave has amounted to more than $ 1.5 million.
The problem is that the authorities fined the criminals in Swedish crowns, instead of in bitcoins . For that reason, the government must now return the remaining 33 bitcoins to the traffickers due to a bureaucratic error.
Anom, the smartphone used by the FBI to catch criminals
Tove Kullberg, the prosecutor in the case, said in an interview with Sveriges Radio that he considered ” regrettable that it turned out this way .” In addition, he added the following: ” The lesson to be learned here is to keep the value in bitcoins, that the fine for the crime was 35 bitcoins, regardless of the value of the bitcoin at that time .”
As a result of this situation, the Swedish authorities have notified a week ago that in autumn the country’s Public Prosecutor’s Office will present a legal guide on how to act when cryptocurrencies are involved in the cases.
