Czech Justice Minister resigns after selling $45M Bitcoin gift from convict

by Aric Feil

Czech Justice Minister Pavel Blažek resigned on May well merely 30 after his ministry bought roughly $forty five million in Bitcoin (BTC) that a person convicted of drug trafficking had donated.

Per native media reports, a verbalize wallet bought bigger than 480 BTC. Officials straight away liquidated the volume for practically a billion Czech koruna, worth over $forty five million, earmarking the proceeds for sufferer-compensation funds and penal complex equipment.

The donation resulted in opposition lawmakers questioning the propriety of receiving property from a dilapidated perpetrator. Additionally, police have launched an investigation into the provenance of the coins and the instances beneath which the ministry approved them.

A pair of hours after the commence up of the investigations, Blažek made up our minds to resign from his tenure, which began in December 2021. On a May well merely 30 X post, he acknowledged:

“After settlement with the High Minister Petr Fiala, I’ve made up our minds to resign from the distance of Minister of Justice. I’m no longer responsive to any illegal actions. Nonetheless, I attain no longer desire to effort the authorities’s or the governing coalition’s recognition.”

Tomáš Jiřikovský donated the volume in Bitcoin. Jiřikovský turned into as soon as arrested in 2016 for running an illicit online market for tablets and medicines and later served four years for embezzlement and drug trafficking.

Minister defends transaction

Blažek suggested reporters on May well merely 29 that the donation complied with Czech legislation and is at chance of be viewed as restitution by the donor.

He argued:

“Why would possibly maybe presumably per chance furthermore merely aloof a convicted person no longer be allowed to give one thing to the verbalize, as an illustration, as a compose of penance?”

Furthermore, the Justice Minister referenced statutes that enable the authorities to catch property after clearing court docket-ordered forfeitures.

Narrate broadcaster ČT24 reported that High Minister Petr Fiala furthermore regarded the switch as lawful.

The pinnacle minister’s location of job acknowledged it will name an meantime minister and await the police inquiry ahead of deciding allocate the auction proceeds. The justice ministry has pledged beefy cooperation with investigators.

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