UK police to auction $662k worth of seized Bitcoin on Wednesday

posted 5 months ago
UK police are set to auction $662,000 worth of seized Bitcoin this week. The Irish auction house Wilsons is managing it on behalf of UK authorities and has set no reserves, and will sell it all to the highest bidder. Police reportedly seized the stash from a criminal who had illegally sold personal data and provided hacking services in exchange for cryptocurrency.

The 1st day’s sales will be online-only, with the 2nd days open to both online and physical bidders, and will include other seized items such as cars, luxury watches, as well as other jewellery. A copy of passport or driving license, as well as proof of address is required from buyers. Recently, Wilsons Auctions sold 315 seized BTC ($3.1 million) on behalf of Belgium’s government. Lots will range from 0.25 to 2 bitcoins, and it may be possible to buy BTC at a discount through this auction.
Tags: blockchain, bitcoin, news