Police seize $60 million of bitcoin

February 8, 2021

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The fraudster had been condemned to over two years in prison for secretively introducing programming on different PCs to bridle their ability to “mine” or deliver bitcoin

German investigators have seized in excess of 50 million euros ($60 million) worth of bitcoin from a fraudster. There’s just a single issue: they can’t open the cash since he will not give them the secret word.

The man was condemned to prison and has since served his term, keeping up his quietness all through while police put forth rehashed bombed attempts to decipher the code to get to more than 1,700 bitcoin, said an investigator in the Bavarian town of Kempten.

“We asked him yet he didn’t say,” examiner Sebastian Murer told Reuters on Friday. “Maybe he doesn’t have the foggiest idea.”

Bitcoin is put away on programming known as an advanced wallet that is gotten through encryption. A secret key is utilized as an unscrambling key to open the wallet and access the bitcoin. At the point when a secret word is lost the client can’t open the wallet.

The fraudster had been condemned to over two years in prison for clandestinely introducing programming on different PCs to outfit their ability to “mine” or deliver bitcoin.

Image Courtesy : Pixabay

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