The Finnish government plans to donate to Ukraine bitcoins seized from criminals during special operations against drug trafficking.
Finnish Finance Minister Annika Saarikko said that in spring or early summer, the Finnish Customs Service will sell about 1,890 bitcoins ($74.9 million at current exchange rates) at an auction. Much of the proceeds will be transferred to the Ukrainian authorities, and the rest of the money will be transferred to the Finnish treasury.
The 1,666 bitcoins that will go under the hammer were confiscated in 2016 from a dealer known as Douppikauppa, who traded illicit substances on the Silkkitie darknet marketplace. The marketplace itself was shut down by Finnish law enforcement authorities in 2019.
Drugs seized from Douppikauppa
Since the start of the special operation by Russian troops, the Ukrainian government and non-profit organizations have managed to receive $63.8 million in cryptocurrency donations. The authorities spent about $44 million in donations to buy drones, helmets, body armor and weapons.