Authorities Seized 50,000 BTC From Former Operator of Piracy Website

German authorities have announced the seizure of a record 50,000 Bitcoin (BTC) from a former operator of the now-defunct piracy website movie2k[.]to. The crypto assets, valued at approximately $2.1 billion at the time of writing, were confiscated after one of the suspects voluntarily deposited them in a state-controlled crypto wallet. Movie2k Investigation Leads to 50,000 BTC Seizure “In an investigation by the Dresden General Prosecutor's Office, the Saxony State Criminal Police Office and th