Billions in Bitcoins - Trial over Streaming Portal Begins - Germany's largest crypto seizure tied to illegal streaming trial begins in Leipzig

A high-profile trial has begun in Leipzig over movie2k.to, one of the largest illegal streaming platforms in Europe. The site offered hundreds of thousands of pirated films and TV shows before authorities shut it down. Two men have already confessed to their involvement, but the main operator remains at large.

The platform generated millions in advertising revenue, which its operators used to buy Bitcoin and real estate. In 2023, German authorities seized nearly 50,000 Bitcoins—the largest cryptocurrency confiscation in the country's history. These assets were sold in small batches over summer 2024, raising roughly €2.64 billion for the state justice treasury.

Two defendants, including the site's programmer, were arrested in late 2019 and admitted their roles. The main suspect now faces charges of money laundering and incitement to false accusation, while the second defendant is accused of money laundering and tax evasion. The trial is scheduled to run for eleven hearing days through mid-May.

Until a verdict is reached, the seized funds still legally belong to the defendants. If the main defendant is convicted, the court will decide whether the assets can be permanently confiscated.

The case marks a significant step in Germany's crackdown on digital piracy and cryptocurrency-related crime. With the main operator still missing, the trial will determine the fate of the confiscated billions. A ruling is expected by mid-May.