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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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....
Despite the rise in media attention surrounding Friday's auction of roughly 30,000 BTC seized from Silk Road, a website seeking to clear the name of the online black market's alleged leader, 30-year-old Ross Ulbricht, is not reporting any increase in donations. The bitcoins sold in the most recent auction were confiscated from the Silk Road website when it was seized by the US Federal Bureau of Investigation (FBI) last October. Notably, the US Marshals auction, of which VC Tim Draper emerged as the winner, did not include 144,000 BTC held by Ulbricht. Those bitcoins are the subject of an....
According to several reports, the U.S. government has announced another Bitcoin auction on August 22, selling 2,719 BTC — worth $1.6 million USD at press time — confiscated by authorities. This will be the latest auction of cryptocurrency since the last U.S. Marshals (USMS) sale last year. Multiple Forfeiture Cases Allows USMS to Hold Another Bitcoin....
The U.S. Marshals Service (USMS) has announced the final auction of 44,341 BTC seized from Ross Ulbricht during the Silk Road investigation, which will take place during a six-hour period on November 5 and will accept only cash in exchange for the coins. The bitcoins will be offered in 22 blocks; 21 blocks of 2,000 bitcoins and 1 block of 2,341 in an online auction. The registration will start on October 19 and run until November 2. The current batch of bitcoin being auctioned by the U.S. Marshals Service will be the last remaining bitcoins “in its custody in connection with the criminal....
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....