27 Jun '14, 8pm

Feds auctioning off massive stash of confiscated bitcoins

Feds auctioning off massive stash of confiscated bitcoins

Feds auctioning off massive stash of confiscated bitcoins Published time: June 27, 2014 20:18 Get short URL AFP Photo / Karen Bleier Tags Bitcoin , Currencies , Finance , USA ​The bidding began early Friday for bitcoin enthusiasts eager to acquire cryptocurrency seized by the United States Marshals Service during last year’s crackdown of the infamous Silk Road online marketplace. On Friday, federal authorities officially opened up the auction of 29,656 bitcoins brought into their possession after Ross Ulbricht, a 29-year-old San Francisco man accused of operating the Silk Road website, was arrested last October and charged with counts ranging from money laundering and computer hacking, to conspiracy to traffic narcotics and plotting an assassination attempt. Authorities took into their possession millions of dollars’ worth of bitcoins seized from Silk Road, an online-only ...

Full article: http://rt.com/usa/168968-marshal-bitcoin-silk-auction/

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