Bargain hunters flock in droves to buy cheap BTC - news

Bitcoin from Darknet: bargain hunters flock in droves to buy cheap BTC" loading = "lazy">

German authorities auctioned Bitcoin, which was confiscated in cases of cybercrime from the Darknet. According to reports, the auction website with 4,000 new registered users has recorded a high traffic for Bitcoin offers in the past few days.

German government auctioned confiscated Bitcoin

The Ministry of Justice of North Rhine-Westphalia, the most populous state of Germany, announced on Monday auctioning Bitcoin out of criminal proceedings.

Justice Auction, the ministry's auction website, recorded high traffic on the Bitcoin lists on Monday, after the prosecutors started listing the cryptocurrency on the website, Bloomberg reported and added that the auction platform had 4,000 new registered users in the past few days.

The bitcoins were confiscated in cases of cybercrime and drug trafficking, mainly from the darknet, the publication said. Prosecutors in Germany cannot sell confiscated cryptocurrencies on the market; You are obliged to auction you like any other confiscated stolen goods.

The Ministry of Justice was cited with the words:

Every euro that is deducted from criminal networks helps to weaken them.

The auction side currently has 15 offers for Bitcoin. One is for 10 btc , three are for 1 btc , six are for 0.5 btc , and five are for 0.1 btc .

The confiscated bitcoins are stored on official paper money exchanges at the central and contact point of cybercrime in North Rhine-Westphalia (ZAC NRW). The ZAC NRW is the central point of contact for investigative authorities, in particular public prosecutors and police authorities, in North Rhine-Westphalia in the field of computer crime.

The website explains that Bitcoin transfers are carried out by "personal handing over the paper wallet including the private key". If an electronic transfer is preferred to a Bitcoin address of the winner, this is "after video identification at the buyer's expense at the buyer to the usual transaction fees".

In addition, the website points out:

The handover or handover takes place only after the purchase price has been received by the Cologne public prosecutor. The process can take 2 working days.

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