With the help of the FBI, the German police managed to seized nearly 50.000 bitcoins (US$2 billion) from streaming operators portal, Movie2k which has been defunct since 2013.
Movie2K was another pirate site that showed an early interest in bitcoin. In its heyday, the site was the dominant German-language pirate streaming portal countries.
He had enough income, part of which was in bitcoin. However, the site administrator was never happy. The site was unexpectedly shut down in the spring of 2013. Many suspected legal problems, which were confirmed years later when Dresden police announced several arrests.
It's rare to see arrests years later, but the biggest surprise came later when police announced they had seized $29,7 million in bitcoins from the site's administrators. This seizure was one of the largest of its kind, but authorities estimated that there were more bitcoins hidden, much more.
So today new information was released by the Dresden police that shows that their case was correct.
After research conducted by the Dresden General Prosecutor's Office, the Saxon State Criminal Police and the local tax authority (INES), nearly 50.000 bitcoins were seized earlier this month.
They are worth more than $2 billion at today's exchange rate. Never before have so many bitcoins been seized by German authorities.
It is also one of the largest seizures worldwide.
"Bitcoins were seized after the defendants voluntarily transferred them to official wallets of the Federal Criminal Police Bureau", he says the police.
