US Marshals Service to sell 2,719 bitcoins worth around $1.6 million on August 22 -- bidders must register by August 18.
The US Marshals Service will hold an online auction of 2,719 bitcoins seized from several cases including those involving the online black market Silk Road, reports Reuters. This is the fifth such auction by the Marshals Service. The earlier four involved bitcoins forfeited during prosecution of former Silk Road administrator Ross Ulbricht.
The bitcoins to be auctioned are reportedly worth around $1.6 million and were seized from nine criminal, civil or administrative cases. About 1,294 came from a Silk Road drug dealer case, 664 from a fake credit card case, while 65 were forfeited from the case involving a former DEA agent, says Reuters. All have been sentenced to prison term by US authorities.
The auction will be held on August 22 and bidders must register by August 18.
Read details on Reuters.
About the Author(s)
You May Also Like
Guarding the Cloud: Top 5 Cloud Security Hacks and How You Can Avoid Them
April 4, 2024Cybersecurity Strategies for Small and Med Sized Businesses
April 11, 2024Defending Against Today's Threat Landscape with MDR
April 18, 2024Securing Code in the Age of AI
April 24, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024Black Hat Asia - April 16-19 - Learn More
April 16, 2024