German authorities have seized a Bitcoin wallet containing 1,700 BTC, valued at approximately $60 million at the current price. However, the wallet owner refuses to cooperate in disclosing the password.
The seizure came about after an investigation into covert crypto-malware installations over two years ago. The fraudster at the heart of the storm has since served his sentence. But he continues to remain silent on the matter.
Prosecutor Sebastian Murer commented that perhaps the fraudster had lost the password. Either way, authorities have no way of accessing the Bitcoin funds.
“Perhaps he doesn’t know. We asked him but he didn’t say.”
Bitcoin Trading For Way Less Two Years Ago
In 2019, when the man was sentenced for fraud, Bitcoin was valued at a lot less than today. Throughout that year, BTC ranged in price from between $3.5k and $13.6k.
Source: BTCUSD on TradingView.com