German Government Raids Apartment, Confiscates and Sells $14M in Bitcoin

Earlier this week, German mainstream media outlet Der Tagesspiegel reported that local authorities had raided the apartment of a criminal group and confiscated more than $14 million in Bitcoin and other cryptocurrencies including Bitcoin Gold, Bitcoin Cash, and Ether. Waited Out Hard Forks German law enforcement arrested members of a criminal group and raided their residences around June 2017. Almost immediately after their arrest, the criminals agreed to forfeit their private keys and access to their cryptocurrency wallets, surrendering 1,312 Bitcoin and 220 Ether. The German government commenced a sale of the stolen cryptocurrencies in November and sold the criminal group’s holdings throughout November and