In an unprecedented move, the Israeli government is set to purchase a new digital wallet valued at approximately $2.25 million for gambling suspect Shai Siboni, after his original wallet went missing while in police custody.
Israel to Purchase Millions in Crypto for Suspect After His Wallet Went Missing in Police Custody
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The new wallet will contain 19.15 bitcoin and 83 ethereum, which were confiscated during Siboni’s arrest in 2018. Police officials have described the incident as a serious failure, with ongoing investigations into how the wallet disappeared. Despite the significant value of the cryptocurrencies, the state has struggled to prove that Siboni’s wealth is derived from illegal activities, leading to the return of most of his assets, including luxury cars and jewelry. Following court proceedings, the prosecution has indicated that they have identified a governmental entity capable of facilitating the purchase of the new wallet, although the exact circumstances surrounding the original wallet’s disappearance remain unclear.
