How the myth for 200 000 Bitcoins in hands of Bulgarian Police has been created

Last few weeks all global media is in competition with itself on screaming a fake news pushed from Bulgarian authorities and Southeast European Law Enforcement Center (SELEC).

We will try to be straight and clear on this object and share a great investigation from our partners from

Sorry guys. This is just the next fake news pushed from official source and all was looking great, but…

Bulgaria is undermining the authority of the Southeast European Law Enforcement Center (SELEC), of which the country is a member under a ratified international agreement.

This emerged from Friday media appearances of the Chief of the Special Prosecutor’s Office Ivan Geshev and the Chief of the Main Directorate for Combating Organized Crime (GDBOP) Ivaylo Spiridonov, as they both denied that bitcoins worth billions had been seized in a joint investigation against customs fraudsters six months ago.

On May 29, 2017, SELEC announced on its official website a large-scale international investigation – PRATKA/VIRUS, in which Bulgarian authorities have seized more than 200,000 bitcoins worth more than USD 500 million. The announcement identifies the criminal act committed in acquiring the bitcoins and their exact number – 213,519. Currently they are worth about USD 3.5 billion (at the December 9, 2017, rate).

“There are no seized bitcoins in this case,” Geshev adamantly stated. He then embarked in confused explanations that owning bitcoins was not illegal, and the prosecution was not dealing with “people’s hobby” to mine bitcoins.

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One thought on “How the myth for 200 000 Bitcoins in hands of Bulgarian Police has been created

  1. Interesting research. Can all these bitcoins be stolen from the police agents or investigation units, same as in the case of Silk road?

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