The German authorities were unable to gain access to more than 1,700 bitcoins from a convicted hacker who was silent about how to access his crypto warehouse while in prison.
- German prosecutors in the Bavarian city of Kempten said Friday they had not been given access to more than 1,700 bitcoins, which they said were confiscated by a hacker.
- The then 29-year-old hacker was convicted in April 2014, among other things, of computer fraud. He covertly installed software on other people’s computers to mine Bitcoin, which he kept to himself. He was sentenced to more than two years in prison.
- The authorities “seized” more than 1,800 BTC that belonged to him at the time and were able to sell 86 Bitcoins from the supply in 2018, according to local media. The sale brought in around 500,000 euros. A spokesman for the Kempten District Court said the rest of the bitcoins are protected by multiple passwords and the IT specialists assigned to the case cannot crack them.
- The hacker did not reveal the passwords to the authorities and remained silent while serving his prison sentence. “We asked him, but he didn’t say it. Maybe he doesn’t know, ”said public prosecutor Sebastian Murer to Reuters on Friday.
- At the current price of Bitcoin, the hacker’s BTC stash is worth more than $ 65 million, a massive increase from 2014 when the hacker was convicted. Without going into further detail, Murer said that the police had secured the Bitcoin wallet so that the hacker could not gain access to the cryptocurrency.
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