@philipstrade
$5 Billion Bitcoin Treasure Tied To Piracy Website Found In German Wallets
Arkham Intelligence has flagged roughly 45,000 Bitcoin tied to the Movie2K piracy case that have not moved since 2019, a discovery that raises fresh questions about what was missed when German authorities handled the earlier seizures.
At current prices, those coins are worth nearly $5 billion, putting renewed scrutiny on Berlin’s choices last year.
According to Arkham, the dormant stash sits across more than 100 wallets linked to the defunct Movie2K site. Reports have disclosed that Movie2K operators were arrested in 2019, and that German authorities recovered nearly 49,858 BTC in January 2024.
https://bitcoinist.com/5-billion-bitcoin-treasure-tied-to-piracy-website-found-in-german-wallets/
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