Federal agencies have shut down the online drugs marketplace called “Silk Road”. Alleged mastermind of the pirate site, Ross William Ulbricht, has also been arrested on Tuesday in San Francisco.
Oct 3 2013, 2:25am CDT
A list of prospective bidders for a significant haul of US-government seized bitcoins has been leaked by the very administration that is organizing the auction.
The US Marshals Service accidentally revealed the confidential email addresses of interested parties when messaging them about the process and it has already apologized for the mistake that "was in no way intentional".
The "gaff" was revealed by CoinDesk, a Bitcoin ...
Full article at: BetaNews
Jun 20 2014, 7:12am CDT
Source: The Atlantic
The United States government finds itself in possession of an odd asset that it must now auction: Bitcoin, the digital currency. And we're not talking about a couple of spare bitcoin, but rather 29,657 bitcoin—which converts to more than $17 million based on today's exchange rate. Marshals get their hands on (and subsequently auction off) all kinds of seized assets—luxuries like Lamborghinis, fur coats, and mansions—but this auction represents a new kind of wealth. Under ...
Full article at: The Atlantic
Jun 13 2014, 1:02pm CDT
ClownP writes with news that the U.S. Marshals Service is selling off 29,656.51306529 Bitcoins that were seized when the Silk Road website was shut down. At current exchange rates, they're worth around $17-18 million. The coins will be auctioned off in nine blocks of 3,000 coins, plus one block with the remainder. The USMS said that the first deadline for bidders will be 9am Eastern Time on June 16, 2014. All bidders must complete the government's Bidder Registration F ...
Full article at: AppleSlashdot
Jun 13 2014, 7:50am CDT