German authorities may have missed around 45,000 Bitcoin tied to Movie2K, worth $5 billion. The crypto intelligence platform Arkham found the Bitcoin still in wallets connected to Movie2K. German police sold nearly 50,000 BTC in 2024 before prices doubled, missing out on billions.

Over 100 wallets hold potentially missed Bitcoin connected to Movie2K. German authorities haven’t acknowledged the found Bitcoin. Current value is $4.99 billion, almost $5.6 billion at peak. Bitcoin traded just under $111,000 when found.

German prosecutors sold 49,858 Bitcoin for $2.8 billion in mid-2024. Prices surged after, missing out on potential $5 billion value. Police seized Bitcoin from Movie2K suspects. Authorities must prove new Bitcoin is illicit to seize.

German authorities may need to prove Bitcoin is linked to Movie2K to seize it. Laws require proof in court before seizure. Police must identify wallet owners to control the Bitcoin. Privacy concerns arise in US crypto policy.

Read more at Cointelegraph: Germany Missed $5B Bitcoin in Piracy Case, Says Arkham