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Police Seize $60 Million Worth Of Bitcoin But The Fraudster Won’t Give Them The Password

Jesse Williams

By Jesse Williams

Jesse Williams

6 Feb 2021

German prosecutors seized $60 million worth of bitcoin from a fraudster, but the mans silencer has meant the password still remains a misters.

The Frauster was jailed for covertly installing software on other computers to harness their power to “mine” or produce bitcoin. He was sentenced and served his 2 years in jail all whilst refusing to tell the police the password to his digital wallet. Unfortunately for him, the prosecutors have ensured that he will not have access to his fortune.

“We asked him but he didn’t say,” prosecutor Sebastian Murer told Reuters. “Perhaps he doesn’t know.”

When he went in the value of his bitcoin would of been nowhere near the previous record high of $23,000 let alone the $42,000 peak we saw in January. But now he could be sitting on unattainable king’s ransom.

This story is very similar to the one of another German man who forgot the password to his digital wallet which contains £175 million worth of the crypto currency.

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