Arkham Reveals $5B in Unseized Bitcoin Linked to Movie2K That German Authorities Overlooked

COINOTAG reported on September 6 that Arkham disclosed the identification of an additional cluster of approximately 45,000 Bitcoin linked to the early operations of Movie2K, with an estimated on-chain value near $4.99 billion; Arkham’s analysis shows these coins have not transacted since 2019 and were not referenced in the German authorities’ initial enforcement notice.

Earlier in 2024, German law enforcement seized 49,858 bitcoins from the Movie2K operator and completed an emergency sale in July at an average price of $57,900, realizing roughly $2.89 billion in proceeds. Arkham’s disclosure supplements that record with an additional asset cluster identified through on-chain analysis.

The development highlights the technical challenges of comprehensive asset tracing and the importance of transparent reporting for law enforcement and market participants evaluating liquidity and recovery prospects in large-scale crypto seizures.