Seized Bitcoins to be Auctioned
The US Marshals Service is holding an auction offering nearly $25 million of seized bitcoins. The seizures resulted from various federal criminal, civil and administrative cases. The list of cases where the bitcoins were seized are named in an official notice posted on the US Marshal’s website.
The auction is slated to take place on March 19 from 8 am to 2 pm. Bidders who would like to participate need to fulfill the registration requirements by noon EDT on March 14 along with a deposit of $200,000.
The bitcoins will be auctioned off in 14 different blocks, 2 blocks of 500 bitcoins, 11 blocks of 100 bitcoins and 1 block of about 70 bitcoins.
A prior auction was held on January 22, 2018 where they auctioned 3,813 bitcoins worth over $40 million and in August of 2016 they auctioned 2,700 bitcoins worth about $1.6 million. These dollar amounts were calculated on the value of bitcoin at the time of the auctions.