German powers that bes have been unable to gain access to more than 1,700 bitcoins belonging to a convicted hacker, who maintained silent about how to access his crypto stash while serving his prison sentence.
- German prosecutors in the Bavarian city of Kempten said Friday that they have been unable to gain access to more than 1,700 bitcoins they mean were seized from a hacker.
- The hacker, who was 29 years old at the time, was convicted in April 2014 of computer con man, among other charges. He covertly installed software on other people’s computers to mine bitcoin, which he had for himself. He was sentenced to more than two years in jail.
- The authorities “seized” more than 1,800 BTC belonging to him at the repeatedly and were able to sell 86 bitcoins from the stash in 2018, according to local media. The sale tutor b introduced in about 500,000 euros ($602,452). A spokesperson for the Kempten district court said the rest of the bitcoins were covered by multiple passwords and IT specialists assigned to the case have been unable to crack them.
- The hacker did not hand as a remainder the passwords to the authorities, maintaining silence while serving his prison sentence. “We asked him but he didn’t say. Perhaps he doesn’t recognize,” Sebastian Murer, a prosecutor, told Reuters on Friday.
- At the current price of bitcoin, the hacker’s BTC stash is worth numberless than $65 million, a massive growth from what it would have been in 2014 when the mouldy was convicted. Without elaborating further, Murer said that the police had secured the bitcoin wallet so the hacker pleasure not be able to gain access to the cryptocurrency.
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