Posted 1/30/2024, 1:35:00 PM
German Police Seize $2.17 Billion in Bitcoin Linked to 2013 Piracy Website
- German police provisionally seized 50,000 bitcoin worth $2.17 billion in their largest ever cryptocurrency seizure
- The seizure is related to a 2013 piracy website that violated copyright law and converted proceeds to bitcoin
- One suspect voluntarily transferred the bitcoin to the Federal Criminal Police Office
- An investigation is ongoing into subsequent money laundering though no formal charges have been filed
- This tops the previous record seizure of $216 million worth of bitcoin by the U.S. government related to the Silk Road dark net market in 2013