Major exchanges returned 3,673 BTC to the German government in the past nine hours

According to blockchain analyst @ai_9684xtpa, major exchanges have returned 3,673 BTC worth $206 million to the German government in the past nine hours. They still hold 27,461 BTC worth a total of $1.57 billion. TheBlock's research director speculated that exchanges may have returned the BTC to the German government address because they were unable to sell it at the target price range.