German law enforcement agencies sell nearly 50000 bitcoins netting around 288 billion

According to Decrypt, German law enforcement agencies have reportedly “urgently sold” nearly 50,000 bitcoins, with a net worth of approximately $2.88 billion (€2.639 billion). These bitcoins were initially seized in January during an investigation targeting German and Polish nationals suspected of operating pirate websites and money laundering, with an estimated value of around $2.1 billion. Currently, the related trial is still ongoing, and the proceeds will be held by the Free State of Saxony until the criminal proceedings are concluded.