RATE Group | TalkTalk hacker’s crypto assets auctioned off by police
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TalkTalk hacker’s crypto assets auctioned off by police

01 Oct TalkTalk hacker’s crypto assets auctioned off by police

Posted at 14:59h in Cryptocurrency News by

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Hundreds of thousands of pounds worth of bitcoin seized from TalkTalk hacker Elliott Gunton have been auctioned off in the first-ever case for UK police.

Bitcoin, Ether and Ripple amounting to more than £240,000 were sold to bidders in an auction last week, set up through the Eastern Region Special Operation Unit’s (ERSOU) asset recovery programme.

It’s the first-ever auction of cryptocurrency as the result of police instruction in UK history, with officials saying the proceeds will go back into fighting crime.

Wilson’s Auctions hosted the bidding for the cryptocurrency last week; only individuals approved by the police could bid for the digital assets to ensure the coins wouldn’t be reinvested into crime.

“This historic auction should help us instil the public’s confidence in our open, transparent system to recoup the proceeds of crime in a secure and innovative way,” said detective chief inspector Martin Peters, ERSOU Cyber Crime Unit.

“Asset recovery in a digital world…

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