Germany May Have Missed Seizing $5B in Bitcoin from Movie2K
German officials thought they had wrapped up one of the biggest crypto cases in the country’s history when they seized and sold nearly 50,000 Bitcoin tied to the piracy platform Movie2K. But a new investigation is raising eyebrows. It turns out there might be another massive stash that was completely overlooked. There Might Be More.. The post Germany May Have Missed Seizing $5B in Bitcoin from Movie2K appeared first on 99Bitcoins.
German officials thought they had wrapped up one of the biggest crypto cases in the country’s history when they seized and sold nearly 50,000 Bitcoin tied to the piracy platform Movie2K. But a new investigation is raising eyebrows. It turns out there might be another massive stash that was completely overlooked.
There Might Be More Where That Came From
In early 2024, German police took control of Bitcoin surrendered by Movie2K’s operators. Those coins were auctioned off for nearly $3 billion. At the time, it seemed like a done deal. Now, with Bitcoin’s price way up, those coins would be worth far more. And according to blockchain firm Arkham, that original stash might not have been the full picture.
In 2024, one of the operators of the streaming website Movie2k handed over 50,000 BTC voluntarily to the German
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