German government cracks down on online movie piracy platform in January Movie2KData from Arkham Intelligence reveals that the German government has recently transferred a total of 2,700 BTC to central exchanges, B2C2 Group, and wallets connected to an OTC service address.
German Government Starts Transferring Bitcoin Again
Today at around 10:00 GMT, the German government started moving BTC again, moving 500 BTC worth approximately $28.63 million to the wallet address “bc1qu…guzr4”, believed to be an OTC service institutional deposit address. This transfer was soon followed by transfers to centralized exchanges, Coinbase, Kraken And Bitstamp400 BTC were sent to Arkham. In addition, the German government B2C2 Group reported that 1,000 BTC were transferred to a wallet address associated with . A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Meanwhile, in the last 12 hours, the German government has recovered 4,169 BTC from centralized exchanges Bitstamp, Coinbase, and Kraken. On July 11 at around 22:31 GMT, Bitstamp returned approximately 994 BTC worth $57.12 million to the German government. Following this, 574 BTC were returned at 23:46 GMT, and two more transfers were made overnight, bringing the total amount of returned Bitcoin to over 1,627 BTC.
Kraken also released funds from its hot wallet at the same time as Bitstamp’s first transfer German government597.6 BTC were returned. This was followed by the return of another 363.5 BTC at 22:51 UTC. Coinbase returned 311.8 BTC in the first batch at around 22:32 UTC, and 451 BTC in the second batch at 21:12 UTC.
The returned BTCs were probably due to the fact that they could not be sold according to the sales regulation. This resulted in a high amount of crypto moneyled to his repatriation to the German government.
How Much BTC Does the German Government Have Left?
Currently, the German government has seized 50,000 copies of the Movie2K operation. BTCThere are 6,384 BTCs left, worth $364.59 million. Experts estimate that if the current sales trend continues, the German government will melt down its BTCs in a short time like a week.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
