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IPFS News Link • Bitcoin

U.S. Marshals Will Hold the Final Auction of the Silk Road Bitcoin This Week

• bitcoinmagazine.com

The USMS will hold the final auction for 44,341 bitcoin seized as a result of the criminal conviction and civil forfeiture against Ross Ulbricht. At today's market price, the bitcoin are worth about $15 million.

During the course of the investigation, the USMS seized more than 144,000 BTC from Ross Ulbricht, the creator of the Silk Road marketplace. At the moment of seizure, the bitcoin were worth about $122 million. In addition to these funds, the USMS also confiscated a total of 29,000 BTC from various Silk Road-related wallets.

Based on the latest statement released by the USMS, the auction will be carried out during a six-hour period, starting at 8 a.m. and ending at 2 p.m. Eastern on November 5. Once the auction is started, bids will be accepted by email from bidders who have pre-registered by completing all of the registration documents. The registration period runs from October 19 to today, November 2.


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