German court authorities are unable to cash in more than $60 million in bitcoins confiscated from a convicted fraudster as he has not revealed the passwords, a court spokesman said on Thursday.
![](https://thenigerialawyer.com/wp-content/uploads/2026/09/NBBSPIDEL.png")
![](https://thenigerialawyer.com/wp-content/uploads/2026/05/2026-Summer-IDRI-Masterclass.jpg")
The court in the southern town of Kempten has been able to sell just 86 of the 1,800 bitcoins seized from the man, who created them illegally by hacking the computers of others.
This brought in 500,000 euros.
Speaking after details of the coins were revealed in the local press, the court spokesman said the digital coins were protected by multiple passwords, and that IT specialists had been unable to crack them.
It was also possible that the fraudster had forgotten them.
The man, who was first convicted in 2014, has now served his sentence.
The court authorities have secured his bitcoin wallet in a way that prevents him from gaining access to it. (dpa/NAN)
[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation
______________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence
Interested buyers are encouraged to place their orders and enquiries via:
0704 444 4777, 0704 444 4999, 0818 199 9888
Website: www.alexandernigeria.com
