German Court Dismisses $2.9M Crypto Theft Charge Due to Legal Loophole
A German court’s recent ruling has exposed a legal loophole in the country’s criminal code, allowing a man to evade charges for allegedly stealing $2.9 million (€2.5 million) in cryptocurrency. The case, tried in the Braunschweig Higher Regional Court (OLG), centered on the unauthorized transfer of 25 million unspecified tokens, which the accused reportedly accessed by obtaining the victim’s 24-word seed phrase during a wallet setup process. Despite the clear financial harm, prosecutors faced insurmountable challenges in securing a conviction due to ambiguities in how German law defines property and digital assets [1].
The court dismissed the primary charge of theft under Section 242 of the German Criminal Code (StGB), which…
