Israeli government will buy millions in crypto for user whose wallet was lost by the police

By Hannah Pérez

Israeli authorities must pay more than USD $ 2 million in cryptocurrencies to a suspect after the police lost their wallet while in custody. A police carelessness that is expensive to the state of Israel.

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• A police carelessness is expensive to the state of Israel.
• The Israeli police lost a wallet with a fortune in cryptocurrencies of a suspect.
• Now the State must pay USD $ 2.2 million in Bitcoin and Ether to the person.

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In an unprecedented event, the Israel government is preparing to buy millions of dollars in cryptocurrencies for a suspect, whose digital wallet disappeared while it was in police custody.

The local news agency Mako On Saturday he informed about the unusual decision of the Israel authorities to buy a new digital wallet after the police lost the device where a suspect maintained his fortune in cryptocurrencies.

Shai Siboni – a popular Israeli footballer, who is also a well -known gaming gaming gaming – lost his cryptocurrency wallet while he was detained in police custody more than two years ago, according to the report.

Now that little one “neglect”From the authorities it will cost the State of Israel, which You must pay just over USD $ 2.2 million in Bitcoin and Ethereum To the player. The authorities have failed to demonstrate that Siboni’s wealth comes from illegal activities, which has led to the return of most of its assets, including luxury cars and jewels.

As for cryptocurrencies, the high sum to pay is partly the result of the appreciation of said assets, whose prices have increased considerably since the police confiscated their wallet originally in 2018.

Police carelessness is expensive to the state of Israel

Bitcoin (BTC) has increased on average more than 1,000% since 2018, when it reached a historical record close to $ 19,000. Last month, BTC broke a new maximum of more than $ 111,000.

Ether (ETH) has also increased considerably from an annual average of around USD $ 500 that year, to about USD $ 2,500 today. Even so, its price is 50% below its maximum of USD $ 5,000 conquered in 2021.

Police officials have described the incident as a serious ruling, with ongoing investigations on how the wallet disappeared, but even without clear findings about what happened, according to the report, which quotes police officers.

“This wallet was worth around one million Shekels about seven years ago. Since then, currency prices have increased dramatically and the State will pay a high price for the breach of an elite police unit“A high officer said.

This is one of the most serious failures we have had and the saddest: no one assumes responsibility. Who lost his wallet turned Siboni, a game criminal, an extremely rich man.

In particular, the state of Israel has determined Buy a new digital wallet in the next few days, which will include 19.15 BTC and 83 eth – currently valued at USD $ 2 million and USD $ 207,000, respectively – and will be delivered to Siboni.

After the judicial procedures, the Prosecutor’s Office has indicated that it has identified a government entity capable of facilitating the purchase of the new purse, although the exact circumstances that surrounded the disappearance of the original wallet remain without being clear.

About eight months ago an inspection was opened in the police unit originally in charge of the seizure, but so far there have been no public conclusions and it is not clear who is responsible for the loss of the wallet or how it happened, the report adds.

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Hannah Estefanía Pérez / Diariobitcoin

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