"Nearly 25,000 bitcoins confiscated by Australian police as proceeds of crime are going to be sold at an auction in Sydney, officials have confirmed."
http://news.sky.com/story/1704497/australia-to-sell-convicts-9m-bitcoin-haul
Apparently, that's quite a lot of bitcoins being auctioned by the the Australians.
It's good that somehow, these ~25k bitcoins will be back in circulation and will be put to good use, or at least I hope so.
Is it 'okay' to auction out those bitcoins? I mean, it was owned by a person and 'confiscated' by the government and they are actually auctioning it.
As I understood it, the police are getting profit (quite a lot) from this haul.