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German Authorities Can’t Entry Bitcoins Value $65 Million ‘Seized’ From Hacker

02/07/2021

German authorities have been unable to achieve entry to greater than 1,700 bitcoins belonging to a convicted hacker, who stored silent about the way to entry his crypto stash whereas serving his jail sentence.

  • German prosecutors within the Bavarian city of Kempten mentioned Friday that they’ve been unable to achieve entry to greater than 1,700 bitcoins they mentioned had been seized from a hacker.
  • The hacker, who was 29 years outdated on the time, was convicted in April 2014 of laptop fraud, amongst different fees. He covertly put in software program on different individuals’s computer systems to mine bitcoin, which he stored for himself. He was sentenced to greater than two years in jail.
  • The authorities “seized” greater than 1,800 BTC belonging to him on the time and had been capable of promote 86 bitcoins from the stash in 2018, in accordance with native media. The sale introduced in about 500,000 euros ($602,452). A spokesperson for the Kempten district courtroom mentioned the remainder of the bitcoins had been protected by a number of passwords and IT specialists assigned to the case have been unable to crack them.

  • The hacker didn’t hand over the passwords to the authorities, sustaining silence whereas serving his jail sentence. “We requested him however he didn’t say. Maybe he doesn’t know,” Sebastian Murer, a prosecutor, advised Reuters on Friday.
  • On the present value of bitcoin, the hacker’s BTC stash is value greater than $65 million, a large progress from what it might have been in 2014 when the hacker was convicted. With out elaborating additional, Murer mentioned that the police had secured the bitcoin pockets so the hacker won’t be able to achieve entry to the cryptocurrency.

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