Crypto Market Recovers as Germany Gets Back $200M Worth of BTC from Exchanges: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1720526256352-YAKIHONNES3.jpg The crypto market saw a boost in sentiment on Tuesday as a German government entity received over $200 million worth of the asset back from various exchanges.
The German government entity, specifically the German Federal Criminal Police Office (BKA), had previously seized almost 50,000 BTC in 2013, worth over $2 billion at the time, from the operators of the film piracy website Movie2k.to. On Monday, an address belonging to the BKA sent over $900 million to various addresses, causing some concern among traders. However, it has been reported that the entity received over $200 million from exchanges such as Kraken, Coinbase
the crypto market experienced a recovery as the German government received back over $200 million worth of Bitcoin (BTC) from various exchanges. The German government entity, known as the BKA (Bundeskriminalamt), had previously seized almost 50,000 BTC in 2013 from the operators of Movie2k.to, a film piracy website