The US Marshals Service (USMS) has begun its auction of 44,341 BTC seized from convicted Silk Road operator Ross Ulbricht, marking the final sale in a process that began in June 2014.
Today's auction, the fourth held by the agency since it auctioned 30,000 BTC in June 2014, is running from 8am to 2pm local time.
According to the USMS, the event features 22 auction blocks. The first 21 blocks will each consist of 2,000 BTC up for sale, with the final tranche consisting of approximately 2,341 BTC.
Registration for the auction began on 19th October and ran through 12 pm EDT on 2nd November. Confirmed participants include the Digital Currency Group subsidiary Genesis Trading and bitcoin hedge fund Binary Financial.
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