US Marshals to Sell $1.6 Million in Bitcoin at Auction
The US government has announced it intends to sell off just over $1.6m in bitcoin confiscated from various criminal cases.
The U.S. Marshals Service plans to auction more than 4,000 bitcoin, worth about $37.7 million at press time, later this month.
The U.S. Marshals are set to auction off about 660 bitcoin forfeited in federal criminal, civil and administrative cases, worth about $4.3 million.
The U.S. Marshals Service is on the hunt for a contractor to help it store and auction cryptocurrency it seizes in operations against criminals.
The U.S. Marshals Service has announced that it will auction off more than 3,800 bitcoins later this month.
Investor Adam Draper recounts the day the US government sold 30,000 bitcoins at auction – and his father won.