UK authorities are planning a $ 662,000 bitcoin auction that was seized from an online criminal. Nationwide police will work with the Irish Auction House at Wilsons Auctions to boost sales.
The auction is the first of its kind in the UK. Along with bitcoin for sale will be various other crypto assets as well as luxury items.
UK First: Confiscated bitcoin goes through the hammer
According to a post on the Wilsons Auctions website, bitcoin, at the time of writing, is about $ 662,000, to be sold without a backup. The sale will be held at two different auctions this Wednesday from 12:00 p.m.
The first will be an online auction only. It will operate 24 hours, noon, September 25. This online sale includes other crypto assets. This includes ether, XRP, and others not directly mentioned.
The second Bitcoin sale will take place on Thursday, September 26 at 6pm. The BTC additional 15 lots will be available at this “vulnerable government auction”. Contestants will do so online or in person. There will also be various other items for sale on bitcoin. These include confiscated cars, watches, jewelry and other expensive goods.