50,000 Bitcoins Seized in Germany Following Investigation into illicit Activities


German authorities declared in an official statement the seizure of 50,000 Bitcoins acquired through copyright law violations and money laundering.

The enforcement regulators explained that two individuals have been charged along with the seizure, and a piracy portal is being investigated.

Staggering Amount of Bitcoin Seized in Germany

According to a recent statement, three enforcement agencies were involved in investigating this case: the Public Prosecutor’s Office in Dresden, the State Criminal Police of Saxony, and the Tax Investigation Unit of the Leipzig II Tax Office.

“This marks the most extensive seizure of bitcoins by law enforcement authorities in the Federal Republic of Germany to date.”

It further explained that the two men engaged in violating copyright laws. Furthermore, the “unauthorized commercial exploitation” of copyright works through a piracy website.

At the time of publication, Bitcoin’s price is $42,705. Therefore, the value of the 50,000 Bitcoins is approximately $2.13 billion.

Speculation over What Will Happen to Seized Bitcoin

However, the German government’s intentions for the substantial Bitcoin holdings remain uncertain, causing apprehension and speculation among Bitcoin holders. Concerns arise, particularly if the German authorities opt to sell, potentially impacting Bitcoin’s price.

The price of Bitcoin has already dropped approximately 10% in the past two weeks. This follows the news on January 10 that the United States Securities and Exchange Commission (SEC) had approved 11 spot Bitcoin ETF applications.

Meanwhile, BeInCrypto recently reported that some market commentators have expressed concern about the US government’s plans to sell Bitcoin seized from the Silk Road saga.

This comes after the US government said it would sell around $130 million worth of BTC from sentenced Silk Road drug traffickers. Fears of massive sell pressure ensued from Bitcoin investors.

Meanwhile, the demand for Bitcoin in Germany is growing significantly.

In November 2023, BeInCrypto reported that German bank Commerzbank received a green light to offer crypto custody services after the German regulator approved its expanded license. 

Source : BeInCrypto by Ciaran Lyons / Jan 31, 2024

rayn.finance logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.