Bitcoin worth $2.17bn seized in Germany
<img width="562" height="338" src="https://www.leaprate.com/wp-content/uploads/2021/07/Bitcoin-Malaysia.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2021/07/Bitcoin-Malaysia.jpg 880w, https://www.leaprate.com/wp-content/uploads/2021/07/Bitcoin-Malaysia-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2021/07/Bitcoin-Malaysia-730×438.jpg 730w, https://www.leaprate.com/wp-content/uploads/2021/07/Bitcoin-Malaysia-230×138.jpg 230w, https://www.leaprate.com/wp-content/uploads/2021/07/Bitcoin-Malaysia-380×228.jpg 380w, https://www.leaprate.com/wp-content/uploads/2021/07/Bitcoin-Malaysia-88×53.jpg 88w, https://www.leaprate.com/wp-content/uploads/2021/07/Bitcoin-Malaysia-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2021/07/Bitcoin-Malaysia-500×301.jpg 500w" sizes="(max-width: 562px) 100vw, 562px" /><p><span data-contrast="auto">The US government claimed 51,680 <a href="https://www.leaprate.com/cryptocurrency/bitcoin-cash/bitcoin-etfs-debut-with-a-flair-on-wall-street/" target="_blank" rel="noopener">bitcoin</a> in the now-known Silk Road dark net operation on 21 November 2021. This recovery totalled a value of $3.4bn at that time.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">The latest Arkham data shows the US government possesses an estimated $9.26bn in bitcoin. In an April 2023 announcement, the US Attorney’s Office Southern District of New York indicated that James Zhong, the perpetrator of this dark net bitcoin wire fraud, was prosecuted and sentenced to one year and one day in jail.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
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<p><span data-contrast="auto">The German cryptocurrency seizure is the largest ever on German soil. Dresden city police commented:</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<blockquote><p><span data-contrast="auto">This is the most extensive seizure of bitcoins by law enforcement authorities in the Federal Republic of Germany to date.</span></p></blockquote>
<p><span data-contrast="auto">According to reports, two unnamed perpetrators used a piracy website up to 2013, transgressing the German copyright act. They converted the gains from that website to bitcoin. One of the transgressors voluntarily transferred the cryptocurrency to BKA.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">The police also confirmed the investigation is ongoing and looking into secondary money-laundering offences originating from this venture. Officials indicated:</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<blockquote><p><span data-contrast="auto">An investigation is ongoing into subsequent commercial money laundering, although no official charges have been lodged against the men.</span></p></blockquote>
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