German authorities may have missed seizing as much as $5 billion in Bitcoin tied to a piracy site it investigated last year, according to Arkham.
German authorities may have missed around 45,000 Bitcoin tied to the movie piracy site Movie2K, meaning there could be another $5 billion worth of Bitcoin that could eventually be seized and sold.
Crypto intelligence platform Arkham said on Friday that it found more than 45,000 Bitcoin (BTC) that “still remains in wallets belonging to Movie2K,” which is worth “almost as much as the amount seized” last year by Germany.
German police seized nearly 50,000 BTC in January 2024, which it sold later that year, just months before the cryptocurrency’s price went on to nearly double in value.
