The Marshals will auction “approximately” 4,040 bitcoin, worth $37.7 million at press time, according to CoinDesk’s Bitcoin Price Index, to registered bidders on Feb. 18, the press release said. Potential bidders must register by Feb. 12. Continue reading US Marshals Will Auction $40M in Bitcoin This Month
The US Marshals Service (USMS) has announced that it will auction off nearly $25 million worth of Bitcoin in less than two weeks. On Monday, the agency issued a statement revealing that it will hold a sealed bid auction to dispose of 2,170 BTC — worth $23.6 million at the present Bitcoin exchange rate — seized in connection with a variety of criminal, civil, and administrative cases. Notably, the auction will include funds seized from Shaun Bridges, a former Secret Service agent who participated in the investigation into dark web marketplace Silk Road and was later arrested for a variety of corrupt acts, including stealing 20,000 BTC from Silk Road operator Ross Ulbricht. The sale, which is scheduled to run on March 19 from 8 am ET to 2 pm ET, will divide the funds into three series. Series A will contain two blocks of 500 BTC, Series B will contain 11 blocks of 100 BTC, and Series C will contain 1 block of approximately 70 BTC. To participate in the auction, prospective buyers must submit a signed bidder registration form and wire a $200,000 deposit to the USMS by next week. Interestingly, the statement does not reveal whether coins airdropped following Bitcoin forks — the most valuable of which are Bitcoin Cash and Bitcoin Gold — have been claimed from the seized wallets or if buyers will have the opportunity to claim the airdropped funds. At present, the combined value of the airdropped BCH and BTG associated with these coins is $2.8 million.
The US Marshals Service has announced that it will be auctioning off approximately 2,170 Bitcoins seized in the course of various federal criminal, civil, and administrative cases, a press release stated March 5. The auction will take place on March 19, 2018 from 8 a.m. to 2 p.m. EDT. Bidders who wish to participate must fulfill the registration requirements by noon EDT March 14, complete with a $200,000 deposit. The bitcoins will be offered in 14 different blocks: two blocks of 500 BTC, 11 blocks of 100 BTC, and one block of approximately 70 BTC. Winning bidders will be notified privately the same day as the auction. The range of cases from which the bitcoins were seized is listed in an official notice posted on the US Marshals Service website. Among the cases listed is that of Shaun Bridges, the Secret Service agent who was convicted of stealing $800,000 in bitcoins in 2015. The US Marshals Service has previously auctioned sums of Bitcoin seized in the course of civil and criminal proceedings. On Jan. 22, 2018, the agency sold 3,813 BTC, a sum that was worth over $40 mln by that day’s exchange prices.