German Authorities Liquidate $195 Million in Seized Bitcoin

• The German government has sold more than $195 million of Bitcoins seized from pirated movie website operators.
• Bundeskriminalamt (BKA) seized a total of 50,000 Bitcoins from Movie2k.to, a film piracy website that was active in 2013.
• The government still holds a substantial balance of Bitcoins worth $3.05 billion.

The German Federal Criminal Police Office (BKA) has sold over $195 million in Bitcoin seized from a pirated movie website in January 2024, recent reports reveal. This marks a significant move by the agency, which is reportedly liquidating a portion of its largest-ever cryptocurrency seizure.

Crypto journalist Laura Shin shared an X post detailing BKA’s massive Bitcoin sell-off. According to her post, the German government is selling the Bitcoins accumulated from the reportedly largest crypto seizure

According to Arkham Intelligence data, BKA began selling Bitcoin on June 19, moving $600 million worth of BTC. Of that amou…

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