According to Arkham data, a German government entity transferred $425 million in bitcoin (BTC) to a different wallet address today, transferring some of the money to deposit wallets on cryptocurrency exchanges and returning the rest to the original location. 6,500 BTC were transferred from the wallet address, which Arkham had previously determined to be associated with the German Federal Criminal Police Office (BKA), to the address “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd” and back again. According to transactional data, a $32 million bitcoin tranche was put on the cryptocurrency exchange Kraken, and a comparable sum was deposited on Bitstamp.
The company seems to have transferred $130 million in Bitcoin to “service wallets,” which typically denotes a “intention to sell in the near future,” according to Arkham CEO Miguel More, who spoke with CoinDesk over Telegram. The moves on X were already noted by Mantle blockchain strategist @Defi_Maestro. The owners of the 2013-active movie piracy website Movie2k.to lost about 50,000 BTC, or more than $2 billion, to BKA. According to Arkham, the BKA obtained the bitcoin in mid-January following a “voluntary transfer” from the accused.