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German Authorities Confiscate $30 Million in Bitcoin From Pirate Movie Site

German authorities, with the help of the U.S. Federal Bureau of Investigation (FBI), have confiscated about $30 million in bitcoin from an operator of a pirate movie website. An unspecified amount of bitcoin cash was also seized. Bitcoin and Bitcoin Cash Seized The German state of Saxony’s media service announced Monday the confiscation of “bitcoins with a total value of 25 million euros [$30 million].” The seizure was in connection with a case involving the website movie2k.to, a user-contributed video directory for movies and television programs that allowed users to download pirated content. The Dresden General Prosecutor’s Office, the Saxony…

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German Police Takes hold of $30M in Cryptocurrency, From Streaming Site Operative:

One amongst the chief operators of the now-shuttered streaming site movie2k.to has forfeited over $30 million value of crypto to German Police. Subsequently a lengthy joint inquiry with the American FBI, German Police have apprehended over 25 million euros worth of cryptocurrency-related with the unlawful site movie2k.to. Cover up in spring 2013 due to copyright infringement apprehensions, the site’s two leading operators are suspected of having distributed over 880,000 pirated copies of films, with their accomplices, through the site amid fall 2018 & spring 2013. They have been charged with functioning an illegal streaming service, which sanctioned users to watch…

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German Police Shuts Down Crypto Streaming Site Operator Seizing $30M

The German Police shuts down a crypto streaming site operator seizing $30 million worth of crypto in the latest operation as we are reading more in the upcoming crypto news. One of the main operators movie2k.to has managed to forfeit more than $30 million worth of crypto and the German police shuts down the platform seizing all the assets. After the long joint investigation with the American FBI, the German police managed to put an end to this operation associated with illegal movie streaming. Shuttered back in 2013 because of copyright infringement concerns, the site’s main operators were accused of…

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