CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

The Coin Rise 2025-06-01 15:00:01

Czech Justice Minister Resigns After Accepting Bitcoin from Convicted Criminal

Czech Republic’s Justice Minister, Pavel Blazek, has stepped down amid growing backlash over the sale of nearly $45 million worth of Bitcoin donated by a convicted drug trafficker. The resignation, announced on May 30, follows a police investigation into the source of the cryptocurrency and mounting political pressure just months ahead of national elections. The scandal erupted after the Justice Ministry announced on May 28 via X that it had auctioned off 500 Bitcoin, raising almost 1 billion Czech koruna (approximately $45 million). The funds were intended for projects such as improving prison infrastructure, digitizing the justice system, and reducing drug use in correctional facilities. However, a report by local media outlet Denik N revealed that the cryptocurrency came from Tomas Jirikovsky — the operator of Sheep Marketplace, a dark web platform infamous for hosting illicit drug and weapons sales. Jirikovsky, convicted in 2017, served time for crimes including embezzlement and drug trafficking. Bitcoin ‘Gift’ Raises Eyes on Czech Justice Minister The controversy intensified after it emerged that Blazek accepted the donation without verifying its origin. Jirikovsky’s lawyer had approached the ministry in March, offering one-third of his remaining Bitcoin holdings as a donation. Blazek, defending his decision, claimed he had “no way to investigate the matter” and assumed it was an act of repentance. “I wasn’t interested so many years after the case,” Blazek told reporters at a press conference. “It was his decision to make amends.” The public, however, reacted sharply to the perceived negligence. Opposition leaders branded the move a scandal, criticizing the lack of due diligence in accepting cryptocurrency from a known criminal. Police have now opened an investigation into the true origin of the Bitcoin. Jirikovsky has reportedly been trying to reclaim 1,500 Bitcoin seized at the time of his arrest. Although authorities suspected his crypto holdings were linked to other dark web operations like Nucleus, the court ultimately ruled he could keep the coins after his release in 2021 due to insufficient proof of illegality. Blazek Steps Down as Crypto Rules Take Shape As the political fallout grew, Prime Minister Petr Fiala distanced himself from Blazek, a long-time ally. To preserve the government’s credibility, Blazek announced his resignation. “I am not aware of any illegal action. However, I do not wish to damage the reputation of the government,” he said in a statement. His resignation comes at a time when Czechia is beginning to define its crypto policy framework. In February, President Petr Pavel signed into law new cryptocurrency regulations aligned with the European Union’s MiCA guidelines. The law aims to clarify taxation and promote innovation in the blockchain sector, signaling Czech’s forward-looking approach to digital assets . The post Czech Justice Minister Resigns After Accepting Bitcoin from Convicted Criminal appeared first on TheCoinrise.com .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.