$467K In Crypto Seized As Spain Cracks Down On Illegal Piracy Platform

bitcoinistОпубліковано о 2026-04-24Востаннє оновлено о 2026-04-24

Анотація

Spanish police seized €400,000 ($467,000) in cryptocurrency from two cold wallets hidden inside a wall thermometer during a raid in Almería. Three suspects were arrested in connection with the country’s largest illegal Spanish-language manga distribution platform, operational since 2014. The site generated over €4 million ($4.55 million) in ad revenue by offering pirated content. Authorities have not confirmed whether they can access the seized funds, as cold wallets require PINs or seed phrases. The case highlights challenges law enforcement face in handling crypto seizures, illustrated by custody failures in other countries like South Korea.

Spanish police made an unusual discovery during their raid — two crypto cold wallets tucked inside a household wall thermometer. The devices contained roughly 400,000 euros, about $467,000.

Authorities arrested three suspects in Almería in connection with what officials described as the biggest illegal Spanish-language manga distribution platform in the country’s history.

The site had been running since 2014. Over roughly a decade, it pulled in more than 4 million euros — around $4.55 million — mostly through advertising revenue. Visitors got free access to pirated manga while the operators quietly collected ad money in the background.

Spain’s Interior Ministry confirmed the arrests and the seizure. The investigation was opened in June 2025 after rights holders filed complaints against the platform.

Authorities uncovered an unusual find during the raid: two crypto cold wallets hidden inside a household wall thermometer. Source: Ministerio Del Interior

Whether Police Can Actually Access The Funds Remains Unclear

Seizing a cold wallet is one thing. Getting inside it is another.

Cold wallets require a PIN or a seed phrase to unlock. Without those credentials, the hardware is essentially useless — the funds stay locked, inaccessible to anyone, including law enforcement.

Officials have not said whether they obtained the information needed to open the devices. Spain’s Interior Ministry had not responded to requests for comment before the story was published.

The case puts a spotlight on a problem that police departments worldwide are still working through. Hardware wallets are showing up in investigations that have nothing to do with crypto fraud or digital currency schemes. Piracy operations, it turns out, are now storing earnings the same way crypto investors do.

BTCUSD currently trading at $77,860. Chart: TradingView

South Korea Has Faced Its Own Custody Failures

Even when authorities can access seized crypto, holding onto it has proven difficult. South Korea has dealt with two high-profile losses of confiscated digital assets in recent years.

In one case, about 22 Bitcoin — valued at $1.5 million at the time — went missing from the Gangnam Police Station.

The funds had been seized in 2021 and vanished without the cold wallet being physically stolen, according to reports. A nationwide audit of digital asset custody practices uncovered the loss.

Featured image from DualShockers, chart from TradingView

Пов'язані питання

QWhat unusual item did Spanish police discover during their raid that contained the seized funds?

ATwo crypto cold wallets hidden inside a household wall thermometer.

QHow much money, in US dollars, was contained in the seized crypto wallets?

AApproximately $467,000.

QWhat was the primary source of revenue for the illegal manga distribution platform?

AAdvertising revenue.

QWhat is one major challenge law enforcement faces when seizing a cold wallet?

AAccessing the funds without the required PIN or seed phrase.

QWhich country was cited as an example of facing high-profile losses of confiscated digital assets?

ASouth Korea.

Пов'язані матеріали

Can a Hair Dryer Earn $34,000? Deciphering the Reflexivity Paradox in Prediction Markets

An individual manipulated a weather sensor at Paris Charles de Gaulle Airport with a portable heat source, causing a Polymarket weather market to settle at 22°C and earning $34,000. This incident highlights a fundamental issue in prediction markets: when a market aims to reflect reality, it also incentivizes participants to influence that reality. Prediction markets operate on two layers: platform rules (what outcome counts as a win) and data sources (what actually happened). While most focus on rules, the real vulnerability lies in the data source. If reality is recorded through a specific source, influencing that source directly affects market settlement. The article categorizes markets by their vulnerability: 1. **Single-point physical data sources** (e.g., weather stations): Easily manipulated through physical interference. 2. **Insider information markets** (e.g., MrBeast video details): Insiders like team members use non-public information to trade. Kalshi fined a剪辑师 $20,000 for insider trading. 3. **Actor-manipulated markets** (e.g., Andrew Tate’s tweet counts): The subject of the market can control the outcome. Evidence suggests Tate’sociated accounts coordinated to profit. 4. **Individual-action markets** (e.g., WNBA disruptions): A single person can execute an event to profit from their pre-placed bets. Kalshi and Polymarket handle these issues differently. Kalshi enforces strict KYC, publicly penalizes insider trading, and reports to regulators. Polymarket, with its anonymous wallet-based system, has historically been more permissive, arguing that insider information improves market accuracy. However, it cooperated with authorities in the "Van Dyke case," where a user traded on classified government information. The core paradox is reflexivity: prediction markets are designed to discover truth, but their financial incentives can distort reality. The more valuable a prediction becomes, the more likely participants are to influence the event itself. The market ceases to be a mirror of reality and instead shapes it.

marsbit39 хв тому

Can a Hair Dryer Earn $34,000? Deciphering the Reflexivity Paradox in Prediction Markets

marsbit39 хв тому

First Day Review of "Musk's WeChat" XChat: Even Worse Than Expected

Elon Musk's much-anticipated "WeChat-like" app, XChat, has officially launched after multiple delays. The initial review reveals a product that falls short of expectations, offering an experience largely similar to X Platform's (formerly Twitter) direct messages, despite being marketed as an encrypted communication tool. Key observations from the first-day test include: 1. The app's promoted "end-to-end encryption" and its claimed relation to Bitcoin's architecture were criticized by experts as a superficial attempt to capitalize on crypto buzz, with no real technical connection. 2. Musk's vision of an ad-free "secure communication system" is technically met, but only because the app is currently extremely basic, featuring only a single chat interface. 3. A promised anti-screenshot feature appears inconsistent; it works in X Platform group chats but fails within the XChat app itself, where screenshots still capture avatars. 4. The app supports 45 languages and has a 16+ age rating, indicating a broader tolerance for content compared to WeChat's 13+ rating. 5. A puzzling login process requires users to verify the email associated with their X account. 6. The touted encryption" feels minimal in practice, with its presence only indicated by a simple "Encrypted - Yes" label on messages. 7. Disappearing message timers for groups can be set from 5 minutes to 4 weeks, with the timer starting upon being read by a user. 8. Group invite links are shared with X Platform groups. 9. Group size limits are planned to be increased, aiming for 1000 members, a move that has drawn user criticism. 10. The app offers 8 different colored icons, and its chat bubbles are notably similar to WeChat's. Message deletion options mimic Telegram's. Crucially, many pre-announced features like importing X contacts, integrating Grok AI, X Money payments, and Cashtags are not yet available. The initial release is seen as a bare-bones and underwhelming first step.

Odaily星球日报1 год тому

First Day Review of "Musk's WeChat" XChat: Even Worse Than Expected

Odaily星球日报1 год тому

Торгівля

Спот
Ф'ючерси
活动图片