auction bitcoins, auction btc, bitcoin auction, France auction, French government, gatehub exchange, Hack, hacked bitcoin, seized bitcoins

The French government will auction 611 bitcoins that were seized from hackers next week. There will be two sales comprised of 478 lots altogether. Each lot consists of between 0.11 and 20 bitcoins.

  • Paris-based auction house Kapandji Morhange will auction 611 bitcoins on March 17. The company says this is the first auction of seized bitcoin by the French government. At the current price, this amount of bitcoin is worth almost $34 million.
  • According to the auctioneer’s website, two sales will be conducted: one at 9 A.M. and the other at 2 P.M. The first sale consists of 437 lots of between 0.11 and two bitcoins. The second sale consists of 41 lots of between five and 20 bitcoins.
  • The bitcoins were seized from hackers in 2019 and 2020 by France’s Agency for the Recovery and Management of Seized and Confiscated Assets (AGRASC).
  • Most of the bitcoins to be auctioned were seized by the courts in connection to an attack on the cryptocurrency platform Gatehub, local news outlet Cyberguerre described. The London-based crypto exchange was hacked in 2019 and bitcoins were subsequently seized from hackers. The court case is still ongoing and the accused have not been sentenced. If they are not found guilty, they will collect the proceeds from the sale.

  • Once the auction has ended, the proceeds from the sale will be consigned and transferred to an account of the Caisse des Dépôts et Consignations until the court case has concluded.
  • The price of bitcoin is $55,271 at the time of writing. It has surged about 20% this month, 55% since the beginning of February, and 72% since the beginning of the year, based on data from markets.Bitcoin.com.

What do you think about this bitcoin auction in France? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

RELATED NEWS

France to Auction 611 Bitcoins Seized From Hackers

The French government will auction 611 bitcoins that were seized from hackers next week. There will be two sales comprised of 478 lots altogether. Each lot consists of between 0.11 and 20 bitcoins. Paris-based auction house Kapandji Morhange will auction 611 bitcoins on March 17. The company says this is the first auction of seized […]

Xem chi tiết: France to Auction 611 Bitcoins Seized From Hackers

As BTC Continues to Soar Finland Wants to Cash in on Bitcoins Seized in 2016

Finland’s customs officials have revealed plans to sell 1,981 bitcoins that were seized mainly in connection with drug trafficking-related criminal investigations. The majority of the confiscated bitcoins (1,666) are from the Douppikauppa case, the darknet operator who was arrested in 2016. To Sell or to Destroy the Coins According to a report by one Finnish […]

Xem chi tiết: As BTC Continues to Soar Finland Wants to Cash in on Bitcoins Seized in 2016

Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and Peril

Monday’s $4 million attack on the Cover Protocol, a decentralized insurance service, sent my mind to that classic nursery rhyme, There Was an Old Lady Who Swallowed a Fly. You know, the one where an unfortunate woman keeps eating ever larger animals to catch the previously swallowed animal. Decentralized finance faces a similar problem with […]

Xem chi tiết: Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and Peril

Cover Protocol May Launch New Token Following Attack

Cover Protocol announced it’s exploring launching a new COVER token through a snapshot after its current one was abused in a minting attack by a “white hat†hacker on Monday morning. The hacker, which could be an individual or a small group, claimed responsibility for an exploit in the decentralized finance (DeFi) insurance project, tricking […]

Xem chi tiết: Cover Protocol May Launch New Token Following Attack

Crypto Exchange Livecoin Begs Users to Stop Trading After Losing Control of Servers

Cryptocurrency exchange Livecoin has suffered what it called a “carefully planned attack.†The Russian exchange said in a web post it has “lost control of all of our servers, back end and nodes†and pleaded with clients to cease making deposits, trading or interacting with the exchange. “We were not able to stop our service […]

Xem chi tiết: Crypto Exchange Livecoin Begs Users to Stop Trading After Losing Control of Servers

UK Crypto Exchange Exmo Hacked, Estimates Presume Platform Lost $10.5 Million

U.K.-based cryptocurrency exchange Exmo detailed on December 21, 2020, the firm had “detected suspicious withdrawal activity†and halted withdrawals. Exmo said a security audit report revealed “large withdrawals†of bitcoin and five other cryptocurrencies. Analysts estimate that Exmo may have lost over $10 million from the hot wallet breach. On Monday, the U.K.-registered digital currency […]

Xem chi tiết: UK Crypto Exchange Exmo Hacked, Estimates Presume Platform Lost $10.5 Million

Nicehash Crypto Mining Pool ‘Fully’ Reimburses All Users Affected by 2017 Hack

A Slovenian cryptocurrency mining pool and trading platform announced that they’ve managed to fully compensate their users affected by a hacking attack that took place in December 2017, which took over 4,600 bitcoins. Nicehash ‘Fully’ Reimburses Users Affected in 2017 Hack According to the letter published by Martin Å korjanc, CEO of Nicehash, the company “fully†[…]

Xem chi tiết: Nicehash Crypto Mining Pool ‘Fully’ Reimburses All Users Affected by 2017 Hack

Hacked Crypto Exchange KuCoin Resumes Deposit, Withdrawal Services for All Tokens

KuCoin, the Singapore-headquartered digital asset exchange that was hacked to the tune of $281 million in September, said it’s restored the deposit and withdrawal services of all tokens  as of Sunday. Due to ongoing judicial proceedings for some tokens, daily withdrawal limits will be put in place for a few tokens, the exchange said. Those limits […]

Xem chi tiết: Hacked Crypto Exchange KuCoin Resumes Deposit, Withdrawal Services for All Tokens

Report: Blockchain Price Oracle Manipulation Produces Millions in Losses, Shows No Signs of Slowing

Nigerian Blockchain Educator Says Uncertain Regulations and Scams Slow Adoption of Cryptocurrencies

EQUOS: Industry Heavyweights Join Forces to Debate the Future of Digital Money

DOGE Taps a Lifetime Price High, Mark Cuban Says Dallas Mavs Shop Won’t Sell Its Dogecoin

Former South Korean Social Media Giant in Talks ‘With Major Gaming Companies’ to Implement Its Crypto

Investors File Class Action Lawsuit Before the National Court of Spain Over an Alleged $298M Crypto Scam

US President Biden Pushes for More Stimulus, One Million ‘Plus-up’ Payments Go out This Week

BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche

Other Articles