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German police seize 50,000 BTC worth $2.2 billion in digital piracy case

Market and Events: German police seize 50,000 BTC worth $2.2 billion in digital piracy case

German law enforcement authorities seized 50,000 BTC as part of a large-scale operation to combat the spread of illegal digital content. At the moment, the value of the seized assets is estimated at 2.2 billion dollars.

According to official reports, the seizure of cryptocurrency was the result of a joint investigation conducted by the Dresden Attorney General's Office and the Criminal Police Department of the State of Saxony. The joint efforts successfully identified and detained two individuals involved in the illegal distribution of copyrighted material through an online platform they created back in 2013.

The criminals, a 37-year-old Polish national and a 40-year-old German national, had cleverly invested their illicitly gained funds in bitcoin, hoping to increase their wealth. However, their plans were thwarted when they voluntarily surrendered their assets to law enforcement.

Showing their willingness to cooperate, the defendants voluntarily transferred their bitcoins to official cryptocurrency wallets provided by the Federal Tax Police Office of #Germany. This act of cooperation demonstrates law enforcement's commitment to fighting cybercrime and protecting intellectual property rights.

While details of the case have not yet been released, law enforcement officials have assured the public that a full report will be released once the investigation is complete. This commitment to transparency ensures that the public will be informed of the progress made in the fight against cybercrime.

It is worth noting that this recent success is not an isolated case. In December 2023, German, Ukrainian, U.S. and Swiss law enforcement agencies jointly conducted an international operation that resulted in the dismantling of the infamous Kingdom Market darknet site.

The operation resulted in the seizure of servers and the arrest of the project administrator, another significant victory in the ongoing fight against cybercriminals.

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