Second auction selling 50,000 bitcoins valued at approximately $20M
The United States Marshals Service (USMS) will be holding a second Bitcoin auction, selling part of a collection seized during the take-down of Silk Road. The auction will involve the sale of 50,000 bitcoins, previously owned by Ross Ulbricht, with the current $400 value for each coin giving the entire collection a total worth of around $20 million when sold.
Winners of seized property to be notified on Monday
The US Marshals Service has completed its auction of the Bitcoins it seized from the raid and shutdown of alleged online drug marketplace Silk Road. The 12-hour auction consisted of nine blocks of 3,000 bitcoin, and one block of 2,757 bitcoins. At current exchange rates, the auction was valued at $17.7 million dollars.
Bitcoin pool seized during Silk Road takedown expected to fetch over $17M
The United States Marshals Service will be selling off the collection of Bitcoin it seized following the take-down of black-market drug site Silk Road. Almost 30,000 Bitcoins will be sold in the online auction on June 27th, with the pool estimated at current exchange rate prices to be worth a total of $17.91 million at the time of writing, down from the $27 million it was originally expected to fetch during initial reports of the sale in January.
Agency said to be mulling auction
The US Marshals Service may soon be tasked with liquidating $26.5 million worth of Bitcoin that was seized last year during the Silk Road takedown. Federal prosecutors in New York recently finalized the forfeiture of 29,655 Bitcoins from the Silk Road servers, while another 144,336 Bitcoins--worth approximately $129 million--awaits formal forfeiture as the government proceeds with its prosecution of alleged Silk Road founder Ross William Ulbricht.