The site was an early adopter of pirate streaming and at its peak, secured a spot among the twenty most-visited websites in Germany, beating Twitter and Amazon.<\/p>\n
Movie2K\u2019s success generated a healthy revenue stream which its operators converted to a new and exciting \u2018currency\u2019 called Bitcoin. It\u2019s assumed that the goal was to keep the haul hidden from prying eyes, but more on that later.<\/p>\n
The site\u2019s reign ended with a\u00a0surprise shut down<\/a> in the spring of 2013. Many believed that legal troubles had plagued the site, a suspicion that was eventually confirmed years later when Dresden police announced\u00a0several arrests<\/a>.<\/p>\n These initial arrests targeted one of the main operators, who received a one-year prison sentence for copyright infringement in 2023, as well as an eight-month sentence for money laundering, fraud, and tax evasion.<\/p>\n In the same criminal prosecution, the site\u2019s financial agent received a ten-month suspended prison sentence. All sentences were suspended and both men issued a full confession. In addition, at least one of the defendants helped the investigation into other suspects.<\/p>\n <\/p>\n The authorities had also seized 2,700 bitcoins. These are currently valued at \u20ac160 million but were previously exchanged by the authorities in an \u201cemergency sale\u201d for 38.6 million euros. The money remains in custody pending a final decision on the fate of these criminal proceeds.<\/p>\n While 2,700 bitcoins was already the largest seizure in a piracy-related prosecution, this figure was topped by the nearly 50,000 bitcoins the German authorities\u00a0voluntarily seized<\/a>\u00a0earlier this year.<\/p>\n This second Bitcoin heist is connected to an ongoing prosecution where the Dresden General Prosecutor\u2019s Office announced its charges this week, more than a decade after the site shut down.<\/p>\n The main suspect is one of Movie2K\u2019s main admins, who remained on the run for a long time. The 40-year-old German man has been listed as wanted internationally since 2019. He was eventually arrested in Spain last year and extradited to Germany to face prosecution.<\/p>\n The defendant now faces charges including unauthorized commercial exploitation of copyrighted works and commercial money laundering. The second defendant, a 37-year-old Polish man, is charged with commercial money laundering and tax evasion.<\/p>\n The Polish defendant was a friend of the main suspect and reportedly received a salary in Bitcoin for his work at the pirate streaming portal.<\/p>\n As mentioned by\u00a0Tarnkappe<\/a>, the crackdown and investigation into Movie2K also led to a real estate agent from Berlin who allegedly\u00a0received millions<\/a>\u00a0of euros from the site\u2019s operators through a Dutch mailbox company.<\/p>\n The Prosecutor\u2019s Office notes that the Leipzig district court has yet to admit further charges against the real estate agent, who reportedly invested the money in physical properties.<\/p>\n While the charges announced this week are significant, the earlier seizure of 50,000 bitcoins stands out most. These are valued at roughly 3 billion euros today and, as far as we know, they\u2019re yet to be sold.<\/p>\n \u201cThe investigation into the handling of the seized Bitcoins is ongoing,\u201d the Dresden Prosecutor\u2019s Office notes.<\/p>\n It\u2019s remarkable to see the recent developments in this case, considering that the site itself has been offline for eleven years. That said, with billions in Bitcoin at stake, perseverance seems to have paid off.<\/p>\n Source: \u00a0Early Arrests and Prison Sentences<\/h2>\n
![\"movie2k\"](\"https:\/\/torrentfreak.com\/images\/movie2k.jpg\")
<\/center> <\/p>\nFresh Charges<\/h2>\n
Billions in Bitcoin<\/h2>\n
![\"TorrentFreak\"](\"http:\/\/worldjusticenews.com\/news\/wp-content\/uploads\/2016\/11\/torrentfreak.png\")
<\/a> TorrentFreak.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"