US Marshals to Auction 50,000 Bitcoins Seized from Ross Ulbricht

US Marshals to Auction 50,000 Bitcoins Seized from Ross Ulbricht

The US Marshals Service (USMS) has announced that it will auction off 50,000 bitcoins, worth roughly $20m, that belong to accused Silk Road operator Ross Ulbricht. The auction is the second held by the US agency, following the sale of 30,000 BTC in July. Involving well-known participants from across the bitcoin and traditional finance industries, the auction was won by venture capitalist Tim Draper, who successfully bid on all the rounds organized by the USMS. According to the announcement, the USMS began accepting bids at 9:00 EST on 17th November, and the deadline for bids ends on....


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