Investor Tim Draper Not Bidding in Today's Silk Road Auction

Investor Tim Draper Not Bidding in Today's Silk Road Auction

Two-time auction winner Tim Draper has revealed to CoinDesk that he is not participating in today's auction of more than 44,000 BTC confiscated from convicted Silk Road operator Ross Ulbricht. The venture capitalist and Draper Fisher Jurvetson (DFJ) partner was the sole winner of the first US government auction of nearly 30,000 BTC (then valued at roughly $18m) held last July, again purchasing 2,000 BTC (worth $750,000) in an auction of 50,000 BTC held in December 2014. Though short in his remarks, Draper told CoinDesk that he "didn't participate" in today's auction, which is scheduled to....


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