$16 Million Worth of Bitcoin Auctioned in Australia
Financial services firm Ernst and Young has announced it has successfully auctioned off 24,518 Bitcoins at a closed international auction which ended on June 21. The auction was the first of its kind in Australia and the second ever globally. Bidders were made to deposit $250,000 as well as meet other financial requirements to bid for the available 11 lots of 2,000 Bitcoins and one lot of 2,518 Bitcoins. Going by its current rate (1 BTC = $634), the auctioned 24,518 Bitcoins are worth about US$16 million. The Bitcoins are the proceeds of crime as part of the civil forfeiture connected to....
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An auction in Sydney will put up over $13 million ($18 million AUD) in bitcoin for auction next month. The bitcoins were confiscated as “the proceeds of crime”, announced global services firm Ernst & Young, referring to the now-defunct online dark market, Silk Road. Ernst & Young Australia will hold an international auction for 24,518 bitcoins (approx. $13.03 million at the time of publishing) confiscated from an Australian national involved in drug market Silk Road. The bitcoins were seized last year following the sentencing of Melbourne native Richard Pollard. Arrested in late....
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Global assurance, tax and advisory services firm, Ernst & Young, will facilitate a first-of-its-kind Bitcoin sale process in Australia on June 20. Going by its current rate (1 BTC = $526), the 24,518 Bitcoins up for grabs, split into 11 lots of 2,000 coins and one lot of approximately 2,518, are worth about $13 million. The Bitcoins are proceeds of crime as part of the civil forfeiture connected to the conviction of Ross Ulbricht for running the Silk Road drug marketplace last year. Silk Road treasure brought to the hammer. 144,000 Bitcoins were seized from Ulbricht after he was found....
Ernst & Young revealed today that it has successfully auctioned off 24,518 bitcoins worth around A$22 million ($16 million) as part of a scheduled auction after the Australian government confiscated the bitcoins from a Silk Road user. Financial services firm Ernst & Young oversaw the closed international auction, which was open to bidders from 20 June and ended 21 June, who supplied a deposit amounting to A$338,698 ($250,000) in addition to meeting other financial requirements. The price paid by the bidders and the number of bidders involved were not disclosed by E&Y; however,....
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