US Marshals to Auction 50,000 Bitcoins in March
The US Marshals will auction $11.85m in bitcoins in connection with a civil forfeiture action against and the criminal conviction of Ross Ulbricht.
The U.S. Marshals Service plans to auction more than 4,000 bitcoin, worth about $37.7 million at press time, later this month.
A winner of the latest US Marshals bitcoin auction may have been identified by blockchain and crowdsourced analysis.
The custodian will manage potentially tens of millions of dollars in seized cryptocurrencies, according to documents published Wednesday.
New York-based bitcoin exchange itBit secured 3,000 BTC during the latest USMS bitcoin auction.
The US Marshals Service (USMS) has announced that 14 bidders participated in today's auction of 50,000 BTC.