New York Exchange itBit Wins 10,000 BTC in Silk Road Auction
New York exchange itBit has revealed it successful bit for and won five auction blocks during last week's bitcoin auction conducted by the United States Marshals Service (USMS). The U. S. government held its final auction of seized bitcoins from Darknet drug market Silk Road on Thursday, last week in an event that saw the sale of 44,341 BTC. With a total of 21 blocks, 20 auction blocks contained 2,000 BTC with one additional block of 2,341 BTC. At the time of announcing the auction, a notice from the USMS read: These bitcoins were held in wallet files that resided on certain computer....
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New York-based bitcoin exchange itBit has revealed it successfully secured five auction blocks as part of last week's bitcoin auction overseen by the US Marshals Service (USMS). The event saw the government agency oversee the sale of 44,000 BTC (valued at $16.6m at press time) on the open market, with each auction block consisting of 2,000 BTC or more. Bobby Cho, Director of Trading at itBit, told CoinDesk: "We confirm that itBit's auction bid, organized on behalf of a syndicate of our exchange and OTC trading clients, won five blocks in the final USMS auction." The exchange had originally....
New York-based bitcoin exchange itBit has revealed it was one of the three participants in the latest US Marshals Service (USMS) bitcoin auction to place a winning bid. itBit is reporting it successfully secured 3,000 BTC, worth roughly $888,000 at press time. The amount was the smallest total accumulated among the three winners. Two other bidders, the identities of whom are not public at this time, won 27,000 BTC ($7.9m) and 20,000 BTC ($5.9m) during the auction, respectively. The disclosure comes shortly after the government agencyannounced the successful transfer of the 50,000 BTC....
A total of five people bid on $1.6 million in bitcoin the government auctioned on Monday, according to Inverse, which begs the question: why did so few seek to bid on the last block of bitcoins the government was auctioning from the Silk Road bust of 144,000 bitcoins? The U.S. Marshals Service (USMS) auctioned the block of 2,700 bitcoins on Monday. In six hours, someone placed the winning bid. Monday’s auction followed 44,000 bitcoins (estimated at $14.6 million) sold to four winners out of a pool of 11 bidders for Silk Road related assets. Anonymous Winner. USMS confirmed that an....
The US Marshals Service (USMS) has revealed that its fourth and final auction of confiscated Silk Road bitcoins resulted in four winners. The public announcement adds certainty to the speculation surrounding the 5th November event, which saw 11 registered bidders compete for blocks totalling 44,000 BTC (valued at roughly $14.6m at press time). So far, only one winner has made public their purchasing of auction blocks, with New York-based bitcoin exchange itBit confirming it successfully secured five blocks on behalf of a syndicate of clients and investors. Figures provided by the USMS....
On November 5 the U.S. government sold the last cache of the Dread Pirate Roberts (DPR) Silk Road stash. The auction saw the sale of over 44,000 BTC, which sold for 17.2 Million dollars. The U.S. Marshals Service (USMS) stated there were 11 bidders and 30 bids placed throughout the sale. On October 9th, the Bitcoin exchange itBit claimed that it had won 5 of the blocks of coins sold during the event. Quite a few members of the crypto-community throughout various forums have been following the trail of Bitcoins that were sold by the USMS. The blocks sold on Thursday were part of 21 caches....