German Authorities Say They’ve Seized 50,000 Bitcoins

German authorities person revealed that they person seized 50,000 bitcoins. “This is the astir extended seizure of bitcoins by instrumentality enforcement authorities successful the Federal Republic of Germany to date,” the German constabulary noted.

Germany Seizes 50K Bitcoin

The Saxony authorities constabulary successful Germany announced the seizure of astir 50,000 bitcoins connected Tuesday pursuing a associated probe by the Dresden General Prosecutor’s Office, the Saxony State Criminal Police Office, and the Leipzig II Tax Office, coordinated by the Integrated Investigation Unit (INES). The announcement details:

This is the astir extended seizure of bitcoins by instrumentality enforcement authorities successful the Federal Republic of Germany to date.

“The bitcoins were seized aft the accused voluntarily transferred them to authoritative wallets provided by the BKA [Federal Criminal Police Office],” the constabulary detailed. “This means that a last determination has not yet been made astir the utilization of the bitcoins,” they added. At the clip of writing, the seized BTC is worthy $2.13 billion.

This lawsuit involves a 40-year-old German antheral programmer and his concern spouse successful an ongoing probe into suspected unauthorized commercialized exploitation of copyrighted works and consequent wealth laundering.

The German programmer is accused of operating movie2k.io, which was erstwhile Germany’s astir palmy amerciable video-sharing site. The authorities unopen the tract down successful 2013. According to the police, the accused took the profits from the tract and invested successful bitcoin. He was arrested successful 2019. Ten months aft his arrest, helium relinquished immoderate of his bitcoin, transferring his BTC worthy 25 cardinal euros to the authorities.

The Saxony police’s announcement states that nary further accusation volition beryllium provided until the probe is completed.

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