The Saxony Bitcoin sale refers to the state’s liquidation of seized Movie2K-related cryptocurrency; Arkham Intelligence now reports a separate, untouched Movie2K Bitcoin stash of roughly 45,000 BTC, potentially worth billions and spread across about 100 wallets.
Saxony sold 50,000 BTC after seizing Movie2K proceeds
Arkham Intelligence identifies an additional ~45,000 BTC potentially still controlled by Movie2K operators
Coins are distributed across ~100 wallets; current value exceeds previous liquidation
Saxony Bitcoin sale: Arkham Intelligence flags a 45,000 BTC Movie2K stash; read how this compares to prior seizures and what authorities may do next. Learn more.
- Saxony’s Bitcoin selling spree
- Untouched stash
Overview: According to data provided by analytics firm Arkham Intelligence, the German government has failed to seize a total of 45,000 Bitcoins (an amount estimated in the low billions of dollars at current prices) tied to the Movie2K piracy network. If Arkham’s blockchain analysis is accurate, Movie2K operators may still control a significant cryptocurrency reserve.
What happened in Saxony’s Bitcoin sale?
Saxony’s Bitcoin sale describes the eastern German state’s decision to liquidate roughly 50,000 BTC it had seized from Movie2K. The sale provoked criticism from the crypto community because the timing preceded a strong multi-year rally in Bitcoin prices, reducing potential recovery value for the state.
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Arkham Intelligence reports an untouched stash of approximately 45,000 BTC. The analysis indicates these coins are split across about 100 wallets, and the current market value is higher than the amount previously liquidated by Saxony. The on-chain patterns identified by Arkham suggest control paths that merit further legal and forensic review.
Asset tracing can be impeded by obfuscation techniques, multiple custodial hops, and legal limitations on seizure actions. The apparent miss may stem from incomplete investigation windows or blockchain movements that occurred outside seizure orders issued to authorities.
Authorities may initiate renewed tracing, obtain judicial orders to freeze wallets (where custody is known), and coordinate with exchanges and crypto custodians. Legal action requires verifiable on-chain attribution or cooperation from intermediaries holding keys.
Once coins are sold and proceeds are distributed, recovery is legally and technically difficult. Recovery may be possible if funds remain in identifiable custody or if proceeds are traced to exchange accounts that cooperate with lawful orders.
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