Posted 1/30/2024, 6:48:17 PM
German Authorities Seize $2.1 Billion in Bitcoin in Massive Piracy Sting
- German authorities seized 50,000 BTC (around $2.1 billion) in a piracy website & money laundering sting
- Largest Bitcoin seizure to date in Germany, done in collaboration with US FBI
- Bitcoin allegedly purchased through profits from selling copyrighted material
- Seized Bitcoin being held while investigation continues, final decision on it to come later
- Part of recent trend of high-value crypto seizures by investigators, including $1.9B HyperFund scam