Bitcoin Exchange itBit Wins 10,000 BTC in US Government Auction
Bitcoin exchange itBit has emerged as the first of what could be as many as three winners in last week's US government bitcoin auction.
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.
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 US government has announced it intends to sell off just over $1.6m in bitcoin confiscated from various criminal cases.
The US Marshals Service has revealed that its fourth and final auction of confiscated Silk Road bitcoins resulted in four winners.