Advertisement
Canada markets closed
  • S&P/TSX

    22,167.03
    +59.95 (+0.27%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CAD/USD

    0.7387
    +0.0001 (+0.01%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • Bitcoin CAD

    95,774.88
    +2,120.98 (+2.26%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • RUSSELL 2000

    2,124.55
    +10.20 (+0.48%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • NASDAQ futures

    18,465.00
    -38.75 (-0.21%)
     
  • VOLATILITY

    13.01
    +0.23 (+1.80%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • NIKKEI 225

    40,418.51
    +250.44 (+0.62%)
     
  • CAD/EUR

    0.6851
    +0.0008 (+0.12%)
     

German Police Seize $29M in Bitcoin From Alleged Content Pirate

German authorities have seized €25 million ($29.6 million) in bitcoin and bitcoin cash from the alleged programmer behind movie2k.to, a massive online pirated film library that once drew the ire of the Motion Picture Association of America (MPAA).

  • Movie2k.to’s unnamed programmer forfeited his bitcoin to Dresden prosecutors and agreed to assist in their ongoing investigation, prosecutors said in a Tuesday press release. He and his real estate broker have been in custody since last November.

  • Prosecutors allege the programmer helped distribute 880,000 pirated films during the site’s five-year run, which ended abruptly in May 2013 when the MPAA sued to block access in U.K. court.

  • The programmer bought over 22,000 BTC with the site’s advertising and subscription revenue and then flipped some of the crypto for real estate properties.

  • Prosecutors said they are still hunting for information on movie2k.to’s “second main operator” who is still at large.

Related Stories