Germany took back millions of dollars worth of Bitcoin
The German government has recovered $141 million worth of Bitcoin in a remarkable operation. In the last transaction, 2442 Bitcoins were transferred to the state's digital wallet.
The details of this large-scale operation are remarkable. 903 Bitcoins (about 52.3 million USD) were withdrawn from the Kraken exchange. Additionally, another 1,529 Bitcoins ($88.6 million) were transferred from addresses with unknown sources. 10 Bitcoins ($575k) were purchased from the Bitstamp platform.
The move coincides with the German government's plan to dispose of 50,000 Bitcoin confiscated from pirated movie site Movie2K, which was shut down in January. The government's strategy has been a target of criticism. in some circles. “The government's hasty decision to sell Bitcoin could have negative consequences in the long run,” said Joana Cotar, Bitcoin advocate and Bundestag member.