Skip to content

The German police seized $ 30 million in cryptocurrency from the operator of an illegal film streaming site

August 6, 2020

After a long joint investigation with the American FBI, The German police seized cryptocurrencies worth more than 25 million euros in connection with the illegal film streaming site movie2k.to.

Closed in spring 2013 due to copyright infringement concerns, The two main operators of the website are accused of having distributed more than 880,000 pirated copies of films together with their accomplices via the website between spring 2013 and autumn 2018. They were accused of running an illegal streaming service that allowed their users to watch pirated content without downloading them.

One of the two who worked as the site’s programmer, has been in police custody since November 2019.

The income from the streaming site was used to purchase bitcoin and real estate

The German police seized $ 30 million in cryptocurrency from the operator of an illegal film streaming siteThe German police seized $ 30 million in cryptocurrency from the operator of an illegal film streaming site

On August 3, the Dresden public prosecutor’s office with the support of the Saxon state criminal police and the Leipzig tax investigation department announced that the programmer had collaborated on delivering Bitcoin (BTC) and Bitcoin Cash (BCH) worth more than EUR 25 million ($ 29.6 million).

Since mid-2012, the two main operators should They used the revenue from the ad commission on movie2k.to and the subscription revenue to buy large amounts of Bitcoin.

The programmer of the site is said to have acquired more than 22,000 BTC from it and then mainly used the cryptocurrencies to purchase various properties through a Berlin real estate company.

Apparently the same is also suspected of commercial money laundering in relation to his activity as a real estate entrepreneur in Berlin.

The tracking and identification of the associated Bitcoin appears to have been carried out through joint investigative work by the Federal Criminal Police Office and the FBI.

The bitcoin that was delivered was confiscated as compensation by the public prosecutor after the accused voluntarily released.

The programmer has since largely confessed to the charges and is reportedly assisting law enforcement agencies in his further investigations into the second largest operator to stay at large.

As the German newspaper reported, The mirror, movie2k.to, along with kino.to and neu.to, has been one of the world’s leading platforms for the illegal distribution of pirated copies for years.

In 2012 the main founder and operator of kino.to was sentenced to a prison term of up to four and a half years.

Receive Breaking News !

Install
×
Enable Notifications    Ok No thanks