German Police Seize $29M in Bitcoin From Content Pirate
(Artem Smus/Unsplash, modified by CoinDesk)
German authorities have seized €25 million ($29.6 million) in bitcoin and bitcoin cash from the alleged programmer behind movie2k.to, a massive online pirated film library that once drew the ire of the Motion Picture Association of America (MPAA).
- Movie2k.to’s unnamed programmer forfeited his bitcoin to Dresden prosecutors and agreed to assist in their ongoing investigation, prosecutors said in a Tuesday press release. He and his real estate broker have been in custody since last November.
- Prosecutors allege the programmer helped distribute 880,000 pirated films during the site’s five-year run, which ended abruptly in May 2013 when the MPAA sued to block access in U.K. court.
- The programmer bought over 22,000 BTC with the site’s advertising and subscription revenue and then flipped some of the crypto for real estate properties.
- Prosecutors said they are still hunting for information on movie2k.to’s “second main operator” who is still at large.
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