50,000 of Ulbricht’s Bitcoins up for Auction by US Govt, Auernheimer Stakes Claim
The US is set to sell off 50,000 bitcoins previously owned by jailed Silk Road founder Ross Ulbricht in a sealed auction, it has been announced. Registration has already commenced for bidding on the coins, which were seized in October 2013 during a raid on Ulbricht’s computer equipment, and will run until March 2. The auction is made up of two series, 10 blocks of 20,000BTC and 10 blocks of 30,000BTC respectively. Bids for the auction, the third of its type and the first since Ulbricht’s conviction, are subject to strict rules: participants may not change their bids after submission and....
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A 28-year-old Arkansas man is invoicing the US government, payable in bitcoin. Andrew Auernheimer of Fayetteville, Arkansas - known by his online handle 'weev', was convicted of computer fraud in 2012, although he has been set free on appeal. The invoice is a claim for compensation for an alleged case of wrongful imprisonment. In a letter, described as 'an invoice for services rendered', Auernheimer writes: "I am owed 28,296 bitcoins. I do not accept United States dollars, as it is the preferred currency of criminal organizations such as the FBI, DOJ, ATF and Federal Reserve and I do not....
The French government will auction 611 bitcoins that were seized from hackers next week. There will be two sales comprised of 478 lots altogether. Each lot consists of between 0.11 and 20 bitcoins. Paris-based auction house Kapandji Morhange will auction 611 bitcoins on March 17. The company says this is the first auction of seized bitcoin by the French government. At the current price, this amount of bitcoin is worth almost $34 million. According to the auctioneer’s website, two sales will be conducted: one at 9 A.M. and the other at 2 P.M. The first sale consists of 437 lots of....
The U. S. government has announced a final auction to sell bitcoins seized during the arrest and subsequent prosecution of Silk Road creator Ross Ulbricht. The U. S. Marshals Service are auctioning off the last batch of bitcoins seized from Darknet drug market Silk Road. The Marshalls Service released a statement pointing to the sale of 44,341 bitcoins, a little over USD $10.6 million in today's exchange rates. "These bitcoins were held in wallet files that resided on certain computer hardware belonging to Ross William Ulbricht, that were seized on or about October 24, 2013," the notice....
It’s that time of year again. No, we’re not talking about Christmas. Nor are we referring to the alignment of the seasons or any moment when lunar or weather-based incidents occur. It’s time for another government auction of Ross Ulbricht’s bitcoins. Ulbricht was sentenced to life in prison in May for his involvement in in the black market website Silk Road. The auction place took on November 5, 2015, following a solid two week period of registration that began on October 19th and ended on November 2nd. In that time, the bitcoin price magically and heavily soared, jumping from an average....
“The Silk Road underground website was the global venue for drug trafficking and money laundering, producing millions in dirty profits. DEA and others followed the money throughout this investigation, leading to this seizure. The website was used by drug dealers to put illicit drugs into our communities and literally at our doorsteps nationwide,” said DEA Special Agent in Charge, Brian R. Crowell. The US Marshals announced that it will auction off another set of 50,000 bitcoins, worth about $11.7m at press time, in March. The bitcoins were originally obtained by the FBI when they shut down....