611 Bitcoin Seized From Hackers to Be Auctioned by France
As per the recent reports, the Government of France is set to hold an auction for Bitcoin (BTC). It has been revealed that the Government of France had ceased these Bitcoin (BTC) from crypto-hackers. The sources have confirmed that the Government of France is set to auction a total of 611 Bitcoin (BTC), acquired from hackers.
At the time of publishing, the price of 1 BTC equals $60,135 so the Government of France currently has a total of $3,674,285.60 under its possession that it is planning to auction in the coming week.
It has been revealed that sales for the Bitcoin (BTC) would be comprised of a total of 478 lots. It has been confirmed that during the auction, each lot would consist of Bitcoin (BTC) that would be between 0.11 BTC and 20 BTC.
The Government of France has confirmed that the auction for the 611 Bitcoins (BTC) will be carried out through a prominent auction house in France. The name of the auction house is Kapandji Morhange and it is based in Paris. The Government of France has revealed that the auction of 611 BTC from Kapandji Morhange will be held on March 17, 2021.
The local reporting firms have stated that this is going to be the first time that the Government of France is holding an auction of Bitcoins (BTC) that it has ceased from the hackers.
The website of the Kapandji Morhange auction house has scheduled the first auction to be held at 9 am and the second auction for the ceased BTC will be held at 2 pm.
Alongside the schedule, the auction house has confirmed that the first session will have 437 lots auctioned at 9 am. The lots for the particular auction will consist of Bitcoin (BTC) that would be between 0.11 BTC and 2 BTCs.
On the other hand, the second session will have 41 lots auctioned at 2 pm. The lots for this particular auction session would consist of between 5 BTCs and 20 BTCs.
The Government of France has revealed that the ceased Bitcoin (BTC) comes from the hackers that were arrested by the French authorities back in 2019 and 2020. The name of the special force that seized the Bitcoins from the hackers is AGRASC.
The government officials have also confirmed that most of the Bitcoins (BTC) they managed to recover from the cyber-attack that was carried out on Gatehub, which is a cryptocurrency platform.
The exchange, Gatehub is based in the United Kingdom and it was reportedly hacked by the crypto-hackers back in 2019. As a result, the hackers managed to get away with Bitcoin (BTC) that was later seized by the French authorities.
As soon as the auction for the Bitcoin (BTC) ends, the funds generated from the sessions will be kept safe until a final decision has been made as to where they are to be spent.