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.
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
The United States was the first nation to begin organizing auctions for the sale of ill-gotten cryptocurrencies seized by the authorities in 2014, with Bitcoins confiscated from the infamous Silk Road online marketplace.
American investor Tim Draper apparently won the 2014 Silk Road auction for 29,656 forfeited Bitcoin, as reported at the time.