US Marshals Release Update on Silk Road Bitcoin Auction
The US Marshals Service (USMS), the federal agency tasked with managing the auction of more than 30,000 BTC seized from defunct online black market Silk Road, has released new data about Friday's event. The agency told CoinDesk that 45 registered bidders participated in the event, and that 63 bids were received over the course of the auction, which ran from 6am EST to 6pm EST on 27th June. The USMS suggests that more information about the auction could be forthcoming, though the agency was vague about what it would ultimately release. A spokesperson told CoinDesk: "The award process is....
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Bitcoin seized from Silk Road is being auctioned off by the US Government. Update (12:00 PM CST): USMS has confirmed with CoinDesk and CoinFire that they will release an announcement this afternoon. No further details were furnished. Update (4:00 PM CST): The USMS has reported that 1 anonymous bidder outbid all other 44 bidders for all of the auctioned Bitcoin. The winning bid is still undisclosed. At this point, it seems that the single winner probably has incentive to not reveal his winning bid. However, if all the losers come forward we could have a better idea of the winning bid. What....
Updated with comment from Lynzey Donahue, a U. S. Marshals spokeswoman. UPDATE (18th June 21:30 BST): Yelp's Luther Lowe contacted CoinDesk to clarify that he contacted the USMS regarding its auction of Silk Road bitcoins as a private investor, and not on behalf of the e-commerce company. A list of individuals interested in the auction of the 30,000 bitcoins confiscated from the now-defunct Silk Road black marketplace has been leaked via email by the US Marshals Service (USMS), the US government agency confirmed. In a statement to CoinDesk, Lynzey Donahue, a US Marshals spokeswoman,....
This article has been updated with new details on how interested bidders can register for the auction. The US government is preparing to auction off roughly 30,000 bitcoins appropriated from the Silk Road online black market. The bitcoins, worth approximately $17,898,600 at current market prices, are currently being held in two wallets owned by the US Marshals Service. The auction will be held on 27th June from 06:00 to 18:00 (EDT), according to a press release published by federal government. In a statement, the US Marshals Service said: "The bitcoins offered in this auction have been....
The much awaited bitcoin auction by the United States Marshals Service is finally over. The US Marshals Service, in possession of confiscated bitcoins from the Silk Road investigation auctioned the last of them earlier on Thursday. Thursday's auction had about 44,341 bitcoins worth $17.21 million out for bidding by those who had earlier registered with the US Marshals Service. According to reports, the online auction saw 11 bidders bidding 30 times over a span of six hours. Completion of the latest auction signifies liquidation of all the bitcoins seized from the wallets belonging to Silk....
"Oops!" is the word the probably most accurately describes the mistake made by the U. S. Marshals Service (USMS) when it comes to the auctioning of nearly $18 million worth of bitcoins seized from Silk Road servers last year. Background: U. S. Marshals Service Poised to Auction Off Silk Road Bitcoins. In an email to bidders that attempted to highlight some changes to the auction's 'frequently asked questions' section, the Service included all recipients in the CC field as opposed to the BCC field, making all send-to addresses visible to recipients. Shortly thereafter, the USMS issued a....