$430K in Crypto Confiscated by Belgian Police To Be Sold At UK Auction

Wilsons Auctions, an auction house based in the United Kingdon and Ireland, will host its first Bitcoin (BTC) auction as per a contract with the¬†Belgian¬†Federal Government. According to the company’s February 18 press release, the 24-hour online auction starts on February 28 and will finish on March 1. The auction will be open for an international audience, the company added.

Wilsons Auctions will be selling off around $430,000 worth of digital coins, all of which have been seized by Belgian police during a drug trafficking investigation involving the use of Darknet.

The company said that that 315 coins it currently holds will be split into several lots, each one containing 104.99 Bitcoin (BTC), Bitcoin Gold (BTG), and Bitcoin Cash (BCH). Bitcoin lots will range from 0.5 to 4 BTC each, while BTG and BCH ones will contain more of each coin, it said in the release.

Another, unspecified amount of Bitcoin will also be sold at Wilsons Auctions’ Unreserved Government Auction in Belfast, Northern Ireland, on February 28.

Wilsons Auctions’ Head of Asset Recovery, Aidan Larkin, stated that the auction is ready to offer other governments and law enforcement agencies globally their trusted solution and support in selling seized cryptocurrencies.

Leave a Comment