According to the Saxony police, “a final decision has not yet been made about the utilization of the Bitcoin.”
Authorities in the German state of Saxony reported confiscating roughly 50,000 Bitcoin (BTC) as part of an investigation into copyright violations.
In a Jan. 30 announcement, the Saxony police said it coordinated with tax authorities and prosecutors to secure the Bitcoin, allegedly connected to two German and Polish nationals. According to the police, the individuals purchased the Bitcoin — worth roughly $2.17 billion at the time of publication — with the proceeds of pirated works through websites in 2013.
“The Bitcoin were seized after the accused voluntarily transferred them to official wallets provided by the [police],” said authorities. “This means that a final decision has not yet been made about the utilization of the Bitcoin.”
