The Belgian Government is set to sell $125,000 worth of seized bitcoin via an Ireland-based Wilsons Auctions.The auction will see seized bitcoin (BTC), Bitcoin Cash (BCH), and bitcoin gold (BTG) be sold off.
The seized cryptocurrency will be auctioned on March 24 at noon GMT with no reserve, meaning there won’t be a minimum price required to win. The cryptocurrency will be split in various lots that range from 0.25 BTC to 1 BTC. Lots for BCH and BTG will contain a larger number of coins.
‘The format has proven popular with our customers, who are able to bid online and purchase cryptocurrency from an established and trusted auction house instead of utilising online exchanges, which can be a risky and daunting process,’ Mark Woods, Asset Recovery Executive at the auction house, said.
This isn’t the first time when Wilsons Auctions helps to sell seized crypto. In September 2019, the auction house helped U.K. police auction off over $600,00 worth of seized cryptocurrency, which included BTC, ETH, and XRP. The cryptocurrency had reportedly been seized for a hacker, who hold personal data and hacking services online.