German police seize bitcoins worth $2.17bn
German law enforcement authorities said Tuesday they seized nearly $2.17 billion worth of Bitcoins in the eastern state of Saxony.
An investigation is still underway and no charges have yet been filed, police said.
The Saxon State Criminal Police Office said the seizure of 50,000 Bitcoins could be the biggest to date of its kind in Germany.
Police said they were investigating two men, aged 40 and 37, who are suspected of running a piracy website until the end of 2013. Authorities allege the men bought bitcoins from the money they earned from the portal.
They added that their investigation was into suspected unauthorized commercial exploitation of copyrighted works and subsequent commercial money laundering.
.png)
