German authorities are facing criticism for missing out on potentially billions of dollars worth of Bitcoin linked to the notorious movie piracy site, Movie2K. Arkham, a crypto intelligence platform, has uncovered 45,000 BTC still in wallets belonging to Movie2K, suggesting another $5 billion could be seized and sold. While authorities previously claimed they had successfully dealt with over 50,000 BTC, recent findings by Arkham suggest more remains unclaimed. This comes as a blow after Germany’s decision to sell seized Bitcoin in batches between June and July 2024 at an average price of $57,900, netting them around $2.8 billion. Though this sale followed the initial seizure of Bitcoin from Movie2K suspects who claimed to have purchased it using proceeds from their illegal operation, the resulting value increase following a subsequent surge in Bitcoin’s market price would have seen a potentially substantial profit margin for authorities had they held onto the seized assets.