The US Marshals Service (USMS) is set to auction off 2,700 BTC worth just over $1.6m next month.
The agency said in a statement today that the bitcoins being sold are connected to a number of criminal and civil cases that have been pursued by the US government in recent years.
The auction will consist of one block, with a $100,000 deposit required. The registration deadline is 18th August, and the auction will take place between 13:00 and 19:00 UTC on 22nd August.
Winners will be notified on that day, according to the USMS.
Earlier this year, a tranche of roughly 24,500 BTC was auctioned off by Ernst & Young after it had been confiscated from a former Silk Road user.
Federal marshal image via Shutterstock
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