Post
Topic
Board Beginners & Help
Re: Germany seized 38 million dollars from bybut hack.
by
nelson4lov
on 11/05/2025, 14:03:31 UTC
~Snipped.
How did you know that German government will keep it and won't return the fund back ot Bybit?

I am not a lawyer and I don't know about legal process but I doubt that German government will easily do it nowadays and in future. Things changed in cryptocurrency market and there will be considerable legal changes too so I don't assume that governments exclusively German government will be able to do similarly to their past cryptocurrency seizures and actions after that.

They did it in the past with bitcoin.
https://cointelegraph.com/news/german-government-offloads-final-bitcoin-holdings

How did I know? I don't.

Like you, I'm not a lawyer and I'm also not conversant with legal matters but I do know governments and how shady they can be. Can we honestly agree that German government will make contact with Bybit and ask for their addresses too return all the recovered assets?

Regulations only changed much in the US—I'm not sure if we can say thee same for Germany.