22 July 2017
download the report now

US govt to auction Silk Road bitcoins

13 June 2014  |  4488 views  |  0 Bitcoin

The US Marshals' office is auctioning off nearly 30,000 bitcoin seized last year from the Silk Road dark web marketplace.

The online auction will take place on 27 June for the 29,656.5 coins - worth just under $18 million at current rates.

Anyone interested in the haul will have to register their interest with the Marshals' office first, providing a government issued photo ID and wiring a $200,000 deposit from a bank within the US.

The sale comes after Preet Bharara, the US Attorney for the Southern District of New York, gave the go-ahead in January to liquidate the bicoins, which were swiped from the Silk Road server in September.

At the time of the raid, the government also seized an additional 144,336 bitcoins that were found on computer hardware belonging to Silk Road founder Ross William Ulbricht.

There are no plans yet to sell these coins, which Ulbricht has demanded be returned to him.

KeywordsLEGAL

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Expedia accepts bitcoin for hotel bookings

Expedia accepts bitcoin for hotel bookings

12 June 2014  |  6627 views  |  0 comments | 7 tweets | 10 linkedin
Bitcoin to have 'profound' impact on trust-based markets - Wedbush analysts

Bitcoin to have 'profound' impact on trust-based markets - Wedbush analysts

30 May 2014  |  8259 views  |  0 comments | 10 tweets | 6 linkedin
SEC issues alert on bitcoin risks

SEC issues alert on bitcoin risks

08 May 2014  |  6092 views  |  0 comments | 10 tweets | 4 linkedin
Bitcoin plunges again after dark market Web hack

Bitcoin plunges again after dark market Web hack

14 February 2014  |  6678 views  |  7 comments | 10 tweets | 7 linkedin
BitInstant CEO charged with money laundering over Silk Road scheme

BitInstant CEO charged with money laundering over Silk Road scheme

27 January 2014  |  3616 views  |  0 comments | 4 tweets | 3 linkedin
Feds get go-ahead to sell $28 million bitcoin stash; eBay UK to open virtual currency category

Feds get go-ahead to sell $28 million bitcoin stash; eBay UK to open virtual currency category

17 January 2014  |  6071 views  |  2 comments | 5 tweets | 10 linkedin
Bitcoin value bounces back after Silk Road shock

Bitcoin value bounces back after Silk Road shock

03 October 2013  |  9429 views  |  5 comments | 6 tweets | 1 linkedin

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsvisit www.finastra.comvisit www.ncr.com

Top topics

Most viewed Most shared
German fintech factory FinLeap raises EUR39 millionGerman fintech factory FinLeap raises EUR3...
13388 views comments | 19 tweets | 15 linkedin
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
9593 views comments | 14 tweets | 20 linkedin
Barclays rides payments-as-a-service wave with investment in Form3Barclays rides payments-as-a-service wave...
8604 views comments | 16 tweets | 12 linkedin
hands typing furiouslyThe Digital Trade Chain: the blockchain tr...
8207 views 0 | 8 tweets | 16 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
7099 views comments | 25 tweets | 15 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job