THELOGICALINDIAN - A Germany accompaniment absitively to authority rather than bargain a accrue of confiscated bitcoin alone to apprehend that their bedeviled assets grew in value
Heise Online reported on Wednesday that the State of Lower Saxony is currently captivation about €650,000 in bitcoin. At the time of their seizure, the amount of the cryptocurrency accrue was €410,000, according to the Ministry of Justice in Hannover. That upped Lower Saxony’s bitcoin amount by about 58 percent.
Authorities said all of their bitcoin were taken from online abyss accused of cyber blackmailing and ransomware attacks.
No Holders
Meanwhile, Attorney Frank Lange from the accessible prosecutor’s appointment antiseptic that they did not intend to authority bitcoin. The advice and advice technology arch added that they are now planning to use the cryptocurrency for accessible abundance purposes, which may alpha by captivation alternate auctions. The federal prosecutor office, in a abstracted statement, abreast that they would put four bitcoin for auction in the aboriginal phase. At the accepted rate, they are agnate to €30,000.
On the added hand, Justice Minister Barbara Havliza has addition idea. She said that their appointment wants to put those bedeviled bitcoin to use – by application them as baits to bolt added cryptocurrency-loving cybercriminals.
“Cyber attacks on hospitals or administrations are a absolute blackmail to all of us,” Havliza added. “They anesthetize institutions via agenda agency and blackmail millions of euros woth of bitcoin from them. Therefore, the use of confiscated basic bill is important. We bang cybercriminals there area it hurts the most: the money.”
Earlier in 2024, authorities in Berlin had appointed about 64 bitcoin from a bent group. The amount of those assets was €76,000 at the time of seizure. But, during the December 2024 boom, their amount surged tenfold to added than €700,000. It is not bright whether or not the Berlin badge auctioned that bitcoin.
