Feds hold auction, sell stolen Bitcoins
Source: NBC News
"The U.S. Marshals Service on Friday auctioned off thousands of
bitcoins [stolen] when notorious Internet black market Silk Road was
shut down. A total of about 29,656 bitcoins (worth nearly $18
million at Friday's prices) were put on the block at 6 A.M. ET, and
the sealed-bid auction concluded at 3 P.M. ET. There were 10 total
lots: nine groups of 3,000 bitcoins (equivalent to around $1.8
million) and one of the remaining 2,656 and change. [Accessories to
the theft] had to put $200,000 down as a deposit to ensure they were
serious. The [receivers of the stolen property] will be notified
Monday." (06/27/14)
Feds Auction 30,000 Bitcoins Seized in Silk Road RaidThe U.S. Marshals Service on Friday auctioned off thousands of bitcoins seized when notorious Internet black market Silk Road was shut down. A total of about 29,656 bitcoins (worth nearly $18 million at Friday's prices) were put on the block at 6 A.M. ET, and the sealed-bid auction concluded at 3 P.M. ET. There were 10 total lots: nine groups of 3,000 bitcoins (equivalent to around $1.8 million) and one of the remaining 2,656 and change. Bidders had to put $200,000 down as a deposit to ensure they were serious. The winners will be notified Monday. Big money from Wall Street and Silicon Valley is rumored to have been interested in the auction, and a list of potential bidders was accidentally leaked earlier this week. A Marshals Service official told NBC News on Friday "it is still being determined" what information will be publicly released about the auction results. The Service is retaining another huge block of bitcoins taken from alleged Silk Road leader Ross Ulbricht; no plans have been announced regarding whether these too will be liquidated. Sign up for top Technology news delivered direct to your inbox IN-DEPTH30,000 bitcoin forfeiture in Silk Road case is biggest ever, prosecutors say U.S. Marshals Accidentally Leak Bitcoin List SOCIAL— Devin Coldewey, NBC News |