German authorities seize 50,000 bitcoin connected to pirated materials operation
Quick Take German authorities seized 50,000 bitcoin worth over $2.1 billion from a German pirating operation.
German authorities seized 50,000 bitcoin worth nearly $2.2 billion that was allegedly purchased using funds connected to copyrighted materials.
This seizure became the largest amount of bitcoin German law enforcement has ever seized, according to a police statement .
Two men of German and Polish nationality, respectively, are being investigated for managing a pirated materials operation, buying bitcoin with the funds. The two individuals could face charges including unauthorized commercial exploitation of copyrighted works and money laundering.
The suspects voluntarily transferred the bitcoin to wallets controlled by German authorities, and it is not clear what law enforcement will do with the cryptocurrency.
German authorities assisting in the investigation included the Dresden General Prosecutor’s Office, the Saxony State Criminal Police Office and the tax investigation of the Leipzig II Tax Office as the Saxony Integrated Investigation Unit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Has Altcoin Season Started With FED Heat? Legendary Analyst Answers
Cryptocurrency analyst il Capo answered the question of whether the altcoin season has started in his statement.
How Much Will Bitcoin Price Be If Trump Wins, How Much If Harris Wins? Standard Chartered Announces Big Bull Forecast
At what price level will Bitcoin, the world's largest cryptocurrency, be after the US elections? Here are analysts' opinions.
Vitalik Buterin’s Wallet is Active Again: Detected in Onchain Data
Another movement was detected in the cryptocurrency wallets of Ethereum founder Vitalik Buterin. Here are the details.
BREAKING: End of an Era – Terraform Labs Approved For Bankruptcy After Settling With SEC