U.S. Marshals Announce Latest Bitcoin Auction Results

Virtual Currency

On March 5, the U.S. Marshals Service auctioned 50,000 bitcoins seized in relation to the case involving the black market website Silk Road. Three individuals – out of the 14 registered bidders – were the winning bidders. At this time, the bidders have not been officially identified, but reports indicate that one bidder received 27,000, another received 20,000, and a third received 3,000 bitcoins. This was the third auction by the U.S. Marshals Service and more are expected.