According to ChainCatcher news reported by Decrypt, German law enforcement agencies conducted an "emergency sale" of nearly 50,000 bitcoins, netting approximately $2.88 billion (€2.639 billion). These bitcoins were initially seized in January during an investigation into nationals from Germany and Poland suspected of operating a piracy website and money laundering, at that time valued at around $2.1 billion. The related trial is still ongoing, and the proceeds will be held by the Free State of Saxony until the criminal proceedings are concluded.The sale took place between June 19 and July 12, carried out in cooperation with the Saxony Police, the Dresden Public Prosecutor's Office, and the German trading company Bankhaus Scheich. According to legal requirements, law enforcement must conduct an emergency sale when it determines that the value of the bitcoins may significantly depreciate (by more than 10%). On-chain data from blockchain analysis firm Arkham Intelligence shows that these bitcoins were sold through centralized exchanges such as Kraken and Coinbase, as well as over-the-counter trading firms like Flow Traders and Cumberland DRW.