A German programmer who is accused of running an illegal movie streaming site more than a decade ago transferred $2.17 billion worth of Bitcoin to the authorities to repay at least some of the money he had made illegally, the police said on Tuesday. The transfer required the man to use his unique Bitcoin credentials to hand over the funds. The money will remain in the authorities’ Bitcoin account until a court can figure out what to do with it, Mr. Anders added. The man, identified only as a 40-year-old German citizen, and his business partner are under investigation on allegations that they ran what was once the country’s most successful illegal video-sharing site. After the authorities shut it down in 2013, several sites with similar names opened to fill the void.

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Persons: ”, Kay Anders, Anders Locations: Federal Republic of Germany, Saxony, Germany