Arkham: The German government failed to seize Bitcoin worth $5 billion.

According to ChainCatcher news, Arkham monitoring has revealed that the German government failed to seize Bitcoin worth $5 billion. In early 2024, German police confiscated 49,858 Bitcoins from the operators of the pirated movie website Movie2K. However, in July 2024, the government sold these Bitcoins for only $2.89 billion, with an average selling price of $57,900. Currently, there are still over 45,000 Bitcoins in Movie2K's wallet, nearly equivalent to the amount initially seized, and this sum of about $5 billion is dispersed across approximately 100 wallets, which have never been transferred since 2019. Considering that the German government has made no comments on this matter, it is likely that these funds are controlled by the operators of Movie2K. It is reported that Movie2K is a movie piracy website that became active in 2013. Its operators were arrested in 2019 and in January 2024 voluntarily transferred approximately 50,000 Bitcoins to the German government. In early 2024, the German government seized this batch of nearly 50,000 Bitcoins and transferred them.