- The German government has sold more than $195 million of Bitcoins seized from pirated movie website operators.
- Bundeskriminalamt (BKA) seized a total of 50,000 Bitcoins from Movie2k.to, a film piracy website that was active in 2013.
- The government still holds a substantial balance of Bitcoins worth $3.05 billion.
The German Federal Criminal Police Office (BKA) has sold over $195 million in Bitcoin seized from a pirated movie website in January 2024, recent reports reveal. This marks a significant move by the agency, which is reportedly liquidating a portion of its largest-ever cryptocurrency seizure.
Crypto journalist Laura Shin shared an X post detailing BKA’s massive Bitcoin sell-off. According to her post, the German government is selling the Bitcoins accumulated from the reportedly largest crypto seizure
The German government has started selling over $195 million worth of the bitcoin it seized from the operators of a pirated movie website in January.@tikta_ reportshttps://t.co/IyxsLh8DmL— Laura Shin (@laurashin) June 21, 2024
According to Arkham Intelligence data, BKA began selling Bitcoin on June 19, moving $600 million worth of BTC. Of that amou…
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