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RE: LeoThread 2024-12-05 08:38

in LeoFinancelast month

Part 4/8:

Contrasting with the street-level piracy of the past, where physical DVD sales were common, this modern network was reported to generate an astonishing €250 million monthly. This profitability prompted claims from streaming services and broadcasters that piracy may be resulting in losses of up to €10 billion EUR annually for the industry.

Despite these alarming figures, authorities only seized around €1.7 million EUR in cash and cryptocurrency during the operation, a small fraction considering the estimated revenue from this piracy. This raises questions about the financial operations of such services, leading to speculation that either the pirates are astoundingly adept at laundering money or that the reported earnings of the piracy services are exaggerated.