Southeast European Law Enforcement Center

Bulgaria did not Hold Bitcoin Worth $1.6 Billion, Finance Minister Claimed

The curious case of Bulgaria's alleged hoard of 200,000 bitcoins resurfaced again this week as sources claimed the Balkan country was HODLing (Hodl is slang in the cryptocurrency community for holding the cryptocurrency rather than selling it.) cryptocurrency.

Daily Mail: Bulgaria has Enough Bitcoins to Pay off FIFTH of National Debt

Bulgarian police have seized enough Bitcoins to pay off a fifth of the country's national debt after the value surged by 600% in half a year, according to Daily Mail.

Officers are said to have confiscated hundreds of thousands of units of the virtual currency worth $500million from an organised crime gang in May.