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Operator of ‘Bitcoin Invested’ Pirate Site Movie2K Charged After More Than a Decade * TorrentFreak

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More than a decade ago, Movie2K was one of the largest pirate sites on the Internet. Serving a German audience, the streaming portal shut down in 2013, but that wasn’t the end of the story. This week, a suspected operator of the site and an accomplice were charged by German authorities. The long delay is noteworthy but also lucrative; a Bitcoin haul with a current value of €3 billion was seized recently.

movie2kAt the start of the 2010s, Movie2K was one of the most visited sites on the web.

The site was an early adopter of pirate streaming and at its peak, secured a spot among the twenty most-visited websites in Germany, beating Twitter and Amazon.

Movie2K’s success generated a healthy revenue stream which its operators converted to a new and exciting ‘currency’ called Bitcoin. It’s assumed that the goal was to keep the haul hidden from prying eyes, but more on that later.

The site’s reign ended with a surprise shut down in the spring of 2013. Many…

You can read the full Torrent Freak article here

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