Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure
The post Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure appeared on BitcoinEthereumNews.com.
Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched and tied to the Movie2K piracy case. The revelation has reignited debate about Germany’s handling of seized digital assets and its broader stance on Bitcoin reserves. Arkham Tracks Dormant Bitcoin Linked to Movie2K Blockchain analytics firm Arkham disclosed that more than 45,000 BTC connected to the defunct Movie2K platform is still sitting idle across over 100 wallets. The firm noted that the particular Bitcoin has shown no movement since 2019, suggesting the funds remain under the control of the piracy site’s operators. Movie2K, a film piracy hub active in 2013, saw its operators arrested in 2019, leading to the eventual surrender of nearly 50,000 BTC in early 2024 through what German authorities described as a “voluntary transfer.” The government later sold off those coins. Arkham wrote on X that “about 45,000 BTC were additionally identified in Bitcoin wallets related to the illegal movie website Movie2K that had not moved since 2019”. The discovery casts fresh doubts on whether German law enforcement completed a full sweep of the illicit network’s holdings. Germany Sold Earlier Seized Bitcoin at Lower Prices In January 2024, German police seized nearly 49,858 BTC from the Movie2K operators. Those coins were sold in June and July 2024 at an average price of $57,900, generating approximately €2.64 billion ($2.89 billion) according to data from Arkham Intelligence. At today’s market rates, that same trove would be valued at more than $5 billion, highlighting what many now see as a mistimed liquidation. Arkham underlined that the government’s statement “made no mention of this additional BTC, and it was not included in the emergency sale.” Germany justified the sale at the time by citing the risk of a “significant loss of value of around ten percent…
Filed under: News - @ September 6, 2025 7:29 pm