RATE Group | British Police to Auction Off $600,000 in Confiscated Bitcoin Today
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British Police to Auction Off $600,000 in Confiscated Bitcoin Today

29 Sep British Police to Auction Off $600,000 in Confiscated Bitcoin Today

Posted at 08:46h in Bitcoin News by

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The British police are auctioning off half a million sterling ($621,400) worth of seized Bitcoin (BTC), the London Economic reported on Sept. 25.

The funds were reportedly seized from a criminal who had offered his hacking services in exchange for Bitcoin and had illegally stolen and sold personal data.

The sale represents the first time that forfeited cryptocurrency funds are sold on behalf of the United Kingdom authorities, according to the report.

Beyond Bitcoin, the police are also selling-off assets belonging to the criminal, including cars,  diamond jewelry and a luxury Rolex watch.

The auction, managed by Ireland-based auction house Wilsons Auctions, will launch online today and go under the hammer tomorrow, Sept. 26. 

Going, going, gone

As previously reported, Wilsons Auctions had sold over $400,000 of seized Bitcoin and other cryptocurrencies on behalf of the Belgian government in March.

The United States was the first nation to begin organizing auctions for the sale of…

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