Engaging in Diplomatic Talks with Germany
Justin Sun, the visionary behind the TRON blockchain, is signaling his intent to act as a bulwark for the cryptocurrency sector amid the influx of seized Bitcoins entering mainstream digital asset exchanges.
In a recent message shared on a social platform, Sun expressed his “readiness” to engage in discussions with the **German** authorities to purchase “all BTC in a private transaction,” with the goal of mitigating any potential disturbances to the market dynamics. Nevertheless, Sun refrained from divulging any specifics or projected timelines regarding this prospective deal.
This development aligns with the observed pattern of Bitcoin transfers from addresses associated with the **German government** to major exchanges, a trend that persists even as Bitcoin’s value recently plunged below the $60,000 mark. The fate of these transferred assets, whether sold or stored within exchange wallets, remains a subject of speculation.
As previously covered by crypto.news, the **German Federal Criminal Police Office (BKA)** has executed several transfers of Bitcoin to prominent exchanges such as Kraken and Coinbase, as well as to an unidentified wallet. To date, the BKA has not issued any official communication concerning these transactions.
Current data from Arkham indicates that the German government retains possession of upwards of 40,000 BTC, with a market valuation exceeding $2 billion. This cache of Bitcoin was initially confiscated by the BKA in 2013 from the operators of Movie2k.to, a notorious site for pirated films. The BKA came into possession of the Bitcoin in mid-January following a “voluntary transfer” from the accused parties, as detailed in an official **press release** by the German police.
For further reading:
Exploring how Germany’s Bitcoin Group is addressing challenges of money laundering.
