Unclaimed Bitcoin Worth $5 Billion Unearthed from Movie2K Case

Arkham Intelligence, a blockchain analytics firm, has discovered approximately 45,000 BTC linked to the defunct movie piracy platform, Movie2K. This unclaimed Bitcoin, valued at over $5 billion, was not seized by the German government despite previous seizures related to the platform’s operations. This revelation raises questions about Germany’s crypto strategy and potential market impact if the dormant funds become active or are eventually seized.