US Marshals to Auction The Last 44K BTC from Silk Road

6 Oct


The U.S. Marshals are auctioning approximately 44341 Bitcoins, the last remaining Bitcoins in its custody in connection with the criminal conviction of and civil forfeiture action against Ross Ulbricht and Silk Road.

The auction will take place during a six-hour period Nov. 5 from 8 a.m. to 2 p.m. EST. Bids will be accepted by email from pre-registered bidders only. The bitcoins are being offered in 22 blocks: 21 blocks of 2,000 bitcoins and 1 block of just over 2,341 bitcoins. The winning bidder(s) will be notified Nov. 6.

The registration period starts Oct. 19 and runs until noon Nov. 2, at which time potential bidders must have completed all registration requirements. Registration documents that were submitted for the Marshals’ previous bitcoin auctions are not valid for this auction; interested bidders must submit new registration documents to be considered for this auction.

For additional details and requirements to participate in the new BTC auction by USMS…

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