Posted 1/30/2024, 1:40:16 PM
German Police Seize €2 Billion in Bitcoins From Suspects in Piracy Investigation
- German police seized nearly €2 billion ($2.17 billion) worth of bitcoins in Saxony, which could be the biggest such seizure in Germany
- The bitcoins were seized from two men, aged 40 and 37, who allegedly ran a piracy website until 2013
- The suspects are under investigation for unauthorized exploitation of copyrighted works and money laundering
- The suspects voluntarily transferred 50,000 bitcoins to a wallet belonging to the Federal Criminal Police Office
- No charges have been filed yet and the investigation is still ongoing; no decision made about cashing in the bitcoins