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

ChainCatcher news, Arkham tweeted that the German government has failed to seize $5 billion worth of Bitcoin.

In early 2024, German police confiscated 49,858 Bitcoins from the operators of the pirated movie website Movie 2 K. In July 2024, the government sold these Bitcoins for $2.89 billion at an average price of $57,900. It currently appears that there are still over 45,000 Bitcoins in the Movie 2 K wallet, nearly equivalent to the amount seized, valued at $5 billion.