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German police seizes $2.17 billion in bitcoin in ‘most extensive’ action ever

Published by
Reuters UK

(Reuters) – German police have confiscated 50,000 bitcoin worth $2.17 billion in the country’s ‘most extensive’ cryptocurrency seizure ever, it said in a statement on Tuesday. “This is the most extensive seizure of bitcoins by law enforcement authorities in the Federal Republic of Germany to date,” police in the city of Dresden said. The investigation was supported by the Federal Criminal Police Office (BKA), the FBI and a Munich-based forensic IT expert company, it said. Police said ongoing investigations into commercial money laundering are directed against two suspects who ran a German pira…

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