Germany’s North Rhine-Westphalia Justice Ministry announced the auction of the hefty Bitcoin amount that it had seized from cybercriminals. While the auctioning off of confiscated cryptocurrencies is a routine, the response to this Bitcoin bargain was extraordinary with approximately 4,000 new user registrations on the auction platform in the last few days.
According to Bloomberg, Prosecutors in Germany are not permitted to sell seized goods on the market, henceforth this Bitcoin auction was also the cause of the German policy around seized goods including cryptocurrencies. The German law enforcement agencies had set the minimum bid at 42,400 euros, which amounts to $49,281. The minimum price was quickly replaced by the first bidder who offered 56,060 euros for the stash of seized Bitcoins.
“Each euro that’s extracted from criminal networks helps weakens them,” the Justice Ministry said on Twitter.
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