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Czech Justice Minister Resigns Over $45M Bitcoin Gift From Convicted Drug Dealer

State prosecutors have opened a money laundering probe into the $45 million bitcoin sale ahead of the October parliamentary vote.

FILE - A bitcoin token is placed on a mirror for a photograph in Prague, Czech Republic, Sunday, May 11, 2025. (AP Photo/Petr David Josek, File)
Although the minister denied any wrongdoing, he announced his resignation on social media platform X
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Overview

  • State prosecutors launched an official investigation into the ministry’s acceptance and sale of the bitcoins, focusing on the donor’s prior drug convictions.
  • Pavel Blažek denied any wrongdoing and said he acted in good faith but stepped down to shield Prime Minister Petr Fiala’s coalition from political fallout.
  • The bitcoin donation from a convicted drug dealer raised questions about the origin and intended purpose of the funds when it was accepted earlier this year.
  • Blažek, a key ally in Fiala’s Civic Democratic Party, left without an immediate successor named for the Justice Ministry.
  • The scandal breaks just months before the October 3–4 elections, where the opposition ANO party is leading polls and plans to pursue full state ownership of energy firm CEZ AS.