German police have made the largest cryptocurrency seizure in the country’s history. In a recent development, authorities announced that approximately 50,000 Bitcoins were temporarily seized. This amount of Bitcoin is worth approximately $2.17 billion.
German authorities confiscated 50 thousand Bitcoins!
According to a statement by the Saxony Police, German authorities began monitoring a pirate website in mid-January. The police successfully seized 50,000 Bitcoin (BTC) worth $2.17 billion during the operation. The seizure is in connection with an ongoing investigation into the unauthorized commercial exploitation of copyrighted works under the Copyright Act and subsequent suspected commercial money laundering. The Federal Criminal Police Office (BKA), the FBI and an IT company from Munich are cooperating in the investigation. The name of the IT company is kept secret.
According to authorities, two unnamed suspects, a 40-year-old German man and a 37-year-old Polish man, were identified. One of them voluntarily transferred Bitcoin to the addresses provided by BKA. By the way, this is the most comprehensive asset seizure carried out by German police. Additionally, authorities have not yet announced what they will do with the Bitcoin they have seized.
The USA also seized large amounts of Bitcoin in similar operations
By the way, this is not the first time German authorities have seized Bitcoin. Previously, in 2022, they managed to crack the server infrastructure of the illegal darknet market Hydra. They then seized Bitcoin (BTC) worth approximately €23 million.
In parallel, the US government also seized significant amounts of Bitcoin. In recent years, more than 50,000 BTC worth $3.6 billion were seized from James Zhong linked to the defunct darknet market Silk Road. The United States is also actively divesting its Bitcoin holdings. cryptokoin.comAs you follow from, the Government announced that it plans to sell $130 million worth of cryptocurrencies on January 25. Despite this selling activity, data from the Arkham Intelligence platform shows that the US government currently owns more than 216,000 BTC worth $9.56 billion.
Deutsche Bank Survey showed BTC below $20,000!
A new survey by Deutsche Bank Research revealed interesting results. According to the survey, investors and analysts have different views and expectations regarding the future of Bitcoin. In the survey conducted in January 2024, participants were asked to predict the price of Bitcoin by the end of the year. The results showed that there was no clear consensus among participants. There are varying degrees of optimism or pessimism about the future of Bitcoin.
According to the survey, approximately 33% of respondents expect Bitcoin to fall below $20,000 by the end of 2024. This indicates a bearish trend for the cryptocurrency. Bitcoin has experienced many ups and downs over the past few months. Therefore, this sentiment emerges in an environment of significant price fluctuations.
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