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The German government has transferred millions in seized Bitcoin to major Bitcoin and crypto exchanges Kraken and Coinbase, according to blockchain analysis firm Arkham.
The transfers originated from a wallet connected to the German Federal Criminal Police Office (BKA). In 2013, the BKA seized almost 50,000 Bitcoin, from a film piracy website.
On Tuesday, the BKA wallet moved $24 million in Bitcoin across two transactions to Kraken and Coinbase. An additional $30 million in Bitcoin was sent to an unknown wallet not affiliated with an exchange.
Arkham data shows that these transfers follow previous movements of $195 million in Bitcoin to exchanges on June 19 and 20. Over $425 million has…
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