U.S. Marshals to auction about 44K Bitcoin seized from Silk Road founder
U.S. Marshals will auction about 44,341 Bitcoins that were seized from Silk Road operator Ross Ulbricht.
U.S. Marshals will auction approximately 44,341 remaining Bitcoins seized during the conviction and civil forfeiture actions against Silk Road operator Ross Ulbricht.
The auction will take place on Nov. 5 from 8 a.m. to 2 p.m. EST and the winner(s) will be notified on Nov. 6, according to the release. Bids only will be accepted from bidders who have preregistered by email between Oct. 19 and noon on Nov. 2. These are the last remaining Bitcoins in custody in connection to the Ulbricht case.
The cryptocurrency will be offered in 21 blocks of 2,000 bitcoins and one block of a little more than 2,341 bitcoins.
Ulbricht was sentenced to life in prison in May in a federal district court in New York and ordered to pay $183,961,921 for his involvement and creation of the Silk Road marketplace.