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There's only one problem: they can't unlock the money because he won't give them the .","articleBody":"German prosecutors have confiscated more than EUR 50 million&nbsp;(roughly Rs. 440 crores) worth of Bitcoin from a fraudster. There's only one problem: they can't unlock the money because he won't give them the .\r\n\r\nThe man was sentenced to jail and has since served his term, maintaining his silence throughout while police made repeated failed efforts to crack the code to access more than 1,700 Bitcoin, said a prosecutor in the Bavarian town of Kempten.\r\n\r\n"We asked him but he didn't say," prosecutor Sebastian Murer told Reuters on Friday. "Perhaps he doesn't know."Elon Musk Dogecoin on Twitter Makes Cryptocurrency Soar 50 Percent\r\n\r\nBitcoin is stored on software known as a digital wallet that is secured through encryption. A is used as a decryption key to open the wallet and access the Bitcoin. When a is lost the cannot open the wallet.\r\n\r\nThe fraudster had been sentenced to more than two years in jail for covertly installing software on other computers to harness their power to "mine" or produce Bitcoin.\r\n\r\nWhen he went behind bars, his Bitcoin stash would have been worth a fraction of the current value. The price of Bitcoin has surged over the past year, hitting a record high of $42,000 (roughly Rs. 30.6 lakhs) in January. It was trading at $37,577 (roughly Rs. 27.3 crores) on Friday, according to cryptocurrency and blockchain website Coindesk.India Will Explore Blockchain for Digital Economy, Says Union Minister\r\n\r\nProsecutors have ensured the man cannot access the largesse, however.\r\n\r\n© Thomson Reuters 2021\r\n\r\n\r\nIs LG Wing's unique design alone enough to help it succeed in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, the episode, or just hit the play button below.\r\n\r\n\r\n links may be automatically generated - see our ethics statement for details.","keywords":"Bitcoin,blockchain,cryptocurrency","url":"https:\/\/www.gadgets360.com\/internet\/news\/bitcoin-worth-eur-50-million-seized--police-fraudster-wont-give--2363900","inLanguage":"en","mainEntityOfPage":{"@type":"WebPage","@id":"https:\/\/www.gadgets360.com\/internet\/news\/bitcoin-worth-eur-50-million-seized--police-fraudster-wont-give--2363900"},"author":[{"@type":"Person","name":"Reuters"}],"image":{"@type":"ImageObject","url":"https:\/\/i.gadgets360cdn.com\/large\/bitcoin_colours_reuters_1611921415626.jpg","width":"1200","height":"800","caption":"Bitcoin is stored on software known as a digital wallet that is secured through encryption"},"publisher":{"@type":"Organization","name":"Gadgets 360","url":"https:\/\/www.gadgets360.com","logo":{"@type":"ImageObject","url":"https:\/\/cdn.gadgets360.com\/gadgets360_logo.png","width":160,"height":45}},"alternativeHeadline":"Police Seize Over EUR 50 Million of Bitcoin! Now, Where's the ?","articleSection":"Internet","thumbnailUrl":"https:\/\/i.gadgets360cdn.com\/large\/bitcoin_colours_reuters_small_1611921508864.jpg"} English Edition हिंदी বাংলা தமிழ் తెలుగు മലയാളം ગુજરાતી मराठी Deutsch Française googletag.cmd.push(function () { googletag.display('adslot728x90ATF'); }); googletag.cmd.push(function () { googletag.display('adslot1x1ATF'); }); Home Internet Internet News Bitcoin Worth Over EUR 50 Million Seized From Fraudster Who Refuses to Give Up {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@type":"WebPage","@id":"https://www.gadgets360.com","name":"Home"}},{"@type":"ListItem","position":2,"item":{"@type":"WebPage","@id":"https://www.gadgets360.com/internet","name":"Internet"}},{"@type":"ListItem","position":3,"item":{"@type":"WebPage","@id":"https://www.gadgets360.com/internet/news","name":"Internet News"}},{"@type":"ListItem","position":4,"item":{"@type":"WebPage","@id":"https://www.gadgets360.com/internet/news/bitcoin-worth-eur-50-million-seized--police-fraudster-wont-give--2363900","name":"Bitcoin Worth Over EUR 50 Million Seized From Fraudster Who Refuses to Give Up "}}]} Bitcoin Worth Over EUR 50 Million Seized From Fraudster Who Refuses to Give Up The German police made repeated failed efforts to crack the code to access more than 1,700 bitcoin. By Reuters | Updated: 5 February 2021 16:28 IST Bitcoin is stored on software known as a digital wallet that is secured through encryption Highlights The man was sentenced to jail and has since served his term Prosecutors have ensured the man cannot access the largesse When a is lost the cannot open the Bitcoin wallet ment googletag.cmd.push(function () { googletag.display('adslot160x600'); }); German prosecutors have confiscated more than EUR 50 million (roughly Rs. 440 crores) worth of Bitcoin from a fraudster. There's only one problem: they can't unlock the money because he won't give them the . The man was sentenced to jail and has since served his term, maintaining his silence throughout while police made repeated failed efforts to crack the code to access more than 1,700 Bitcoin, said a prosecutor in the Bavarian town of Kempten. "We asked him but he didn't say," prosecutor Sebastian Murer told Reuters on Friday. "Perhaps he doesn't know." Elon Musk Dogecoin on Twitter Makes Cryptocurrency Soar 50 Percent Bitcoin is stored on software known as a digital wallet that is secured through encryption. A is used as a decryption key to open the wallet and access the Bitcoin. When a is lost the cannot open the wallet. The fraudster had been sentenced to more than two years in jail for covertly installing software on other computers to harness their power to "mine" or produce Bitcoin. When he went behind bars, his Bitcoin stash would have been worth a fraction of the current value. The price of Bitcoin has surged over the past year, hitting a record high of $42,000 (roughly Rs. 30.6 lakhs) in January. It was trading at $37,577 (roughly Rs. 27.3 crores) on Friday, according to cryptocurrency and blockchain website Coindesk. India Will Explore Blockchain for Digital Economy, Says Union Minister Prosecutors have ensured the man cannot access the largesse, however. © Thomson Reuters 2021 Is LG Wing's unique design alone enough to help it succeed in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, the episode, or just hit the play button below. links may be automatically generated - see our ethics statement for details. Cryptocurrency Prices across Indian exchanges Comments var page_url = 'https://www.gadgets360.com/internet/news/bitcoin-worth-eur-50-million-seized--police-fraudster-wont-give--2363900'; var page_identifier = 'story-comment-2363900'; var page_title = 'Bitcoin+Worth+Over+EUR+50+Million+Seized+From+Fraudster+Who+Refuses+to+Give+Up+'; var clientid = 'gadgets-engcont-desk-d3000712891285b76c764ccf29228976'; var platform = 'desktop'; var urlfrm = ''; (function() { var d = document, s = d.createElement('script'); s.src = 'https://www.gadgets360.com/assets/forum/js/min/comment-embed-min.js?v=20250528.01'; s.setAttribute('data-timestamp', +new Date()); (d.head || d.body).appendChild(s); })(); For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube. Further reading: cryptocurrency Mi 11 Price in Europe Tipped Ahead of February 8 Launch, Significantly Higher Than China Prices window._rrCode = window._rrCode || []; _rrCode.push(function () { window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-below', container: 'taboola-below-article-thumbnails', placement: 'Below Article Thumbnails', target_type: 'mix' }); }); Related Stories Elon Musk Says X Money Payments Will Launch in 'Very Limited Access Beta' Soon 27 May 2025 Bitcoin Holds Steady at $109,400 After Reaching New All-Time High; Altcoins Maintain Gains 26 May 2025 Bitcoin Sures $111,500 to Set New All-Time High; Majority of Altcoins Follow Suit in Market Rally 22 May 2025 Bitcoin Surges Past $107,000 for First Time Since January as Altcoins Rally 21 May 2025 Bitcoin Price Drops Below $103,000 Amid Ongoing Market Uncertainty 19 May 2025 Bitcoin Worth Over EUR 50 Million Seized From Fraudster Who Refuses to Give Up Comment var ndtv_thumb_src = 'https://i.gadgets360cdn.com/large/bitcoin_colours_reuters_small_1611921508864.jpg'; var ndtv_full_src = 'https://i.gadgets360cdn.com/large/bitcoin_colours_reuters_1611921415626.jpg'; var alsoseel = document.getElementsByClassName("alsosee").length; if(alsoseel!==undefined & alsoseel>=1){ for(var i=0;i<alsoseel;i++){ x = document.getElementsByClassName("alsosee")[i]; if(x!==undefined & x.innerHTML.trim() != ''){ var alsosee = x.innerHTML; alsosee = '<strong><i class="sprite"> Also see' + alsosee; document.getElementsByClassName("alsosee")[i].innerHTML = alsosee; } else { document.getElementsByClassName("alsosee")[i].remove(); } } } Facebook Tweet Snapchat LinkedIn Reddit Google News ment googletag.cmd.push(function () { googletag.display('adslot300x250ATF'); }); Featured New Era of AI PCs Begins: AMD Ryzen™ AI 300 Series Puts Smart Features in Your Hands OPPO K13 Overview: Meet the Undisputed OP Smartphone with Lag Killer Performance at Just Rs. 17,999 [Partner Content] OPPO K13 - The Undisputed OP Smartphone | Lag Killer Performance | Best in Segment Follow Us Latest Videos 02:03 Infinix GT 30 Pro First Look: A New Smartphone with Triggers? 00:47 Gadgets 360 With Technical Guruji: Did You Know About the World's First Emoji? 01:58 Gadgets 360 With Technical Guruji: CMF Buds 2 & Buds 2 Plus 02:52 Gadgets 360 With Technical Guruji: Vivo X200 Ultra 01:17 Gadgets 360 With Technical Guruji: News of the Week [May 24, 2025] More Videos Tech News in Hindi Xiaomi ने अपने पहले XRING 01 प्रोसेसर के साथ लॉन्च किया Xiaomi 15S Pro Honor 400, Honor 400 Pro लॉन्च हुए 200MP कैमरा, 5300mAh बैटरी के साथ 2 डिस्प्ले और 5 कैमरे वाले Samsung के फोल्डेबल फोन पर 42000 से ज्यादा छूट Realme GT 7 का लॉन्च से पहले वर्ल्ड रिकॉर्ड! फोन के इस दमदार फीचर ने किया हैरान Samsung Galaxy Z Fold 7 की रियल लाइफ इमेज लीक, 200MP मेन कैमरा से होगा लैस! 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