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Did German police confiscate 50,000 bitcoin?

REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights Jan 30 (Reuters) - German police have confiscated 50,000 bitcoin worth $2.17 billion in the country's 'most extensive' cryptocurrency seizure ever, it said in a statement on Tuesday.

How much bitcoin has been seized in Germany?

German police have seized 50,000 Bitcoin (BTC) worth approximately $2.17 billion, marking the largest cryptocurrency seizure in the country's history. The assets were confiscated during an investigation into a website that violated the Copyright Act in 2013.

Did a German piracy website seized bitcoins?

Police said ongoing investigations into commercial money laundering are directed against two suspects who ran a German piracy website until 2013. The bitcoins were seized after the suspects voluntarily transferred them to official wallets provided by the BKA, it added. Our Standards: The Thomson Reuters Trust Principles.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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