German Authorities Fail to Seize $5 Billion in Bitcoin Linked to Movie2K

Despite seizing over 49,000 BTC from the infamous pirate website Movie2K, German authorities have been unable to fully liquidate this cryptocurrency. Arkham Intelligence reports that a significant portion of the seized funds, estimated at around $5 billion in Bitcoin, remain unclaimed and largely dormant. These inactive wallets belong to individuals associated with the site’s operation, raising concerns about market impact and potential legal implications. This revelation throws light on the challenges of enforcing regulations against online piracy and raises questions regarding asset recovery and market stability.