FRANKFURT—German prosecutors have confiscated more than 50 million euros ($60 million) worth of bitcoin from a fraudster, but they can’t unlock the money because he won’t give them the password.
The man was sentenced to jail and has since served his term, maintaining his silence throughout while police made repeated failed efforts to crack the code to access more than 1,700 bitcoin, said a prosecutor in the Bavarian town of Kempten.
