Bitcoin News

Story: Germany’s $5B Bitcoin Mystery: Why Seized Coins Remain Untouched

By Sakamoto Nashi

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A Trove of Dormant Bitcoin. The revelation came from blockchain analytics firm Arkham, which identified more than 100 wallets…

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Germany’s ambitious Bitcoin seizure campaign is facing new questions after blockchain analysts revealed that billions in cryptocurrency tied to a piracy case remain dormant.

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The revelation came from blockchain analytics firm Arkham, which identified more than 100 wallets holding Bitcoin linked to the now-defunct piracy platform Movie2K.

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This dormant trove is separate from the 50,000 BTC seized by German authorities earlier in 2024, which was later sold for approximately $2.9 billion.

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