German Police Move $24 Million Bitcoin to Kraken and Coinbase

The German Federal Criminal Police Office (BKA) has moved $24 million in Bitcoin to crypto exchanges Kraken and Coinbase. This follows previous transfers totaling $195 million in BTC sent to exchanges on June 19 and 20. Arkham CEO Miguel More suggests that moving Bitcoin to exchanges may indicate an intention to sell the assets. However, $24 million is a relatively small amount compared to the over $40 billion worth of BTC exchanged in the past 24 hours. The BKA seized almost 50,000 BTC worth over $2 billion from the operators of Movie2k.to, a film piracy website, in mid-January after a 'voluntary transfer' from the suspects.