There is an auction of approximately 2,170 bitcoins announced by the US Marshals Office that were seized in various federal criminal, civil and administrative cases, as stated in a March 5 press release.
The auction date, as informed, will be held on March 19, 2018 from 8:00 AM to 2:00 PM EDT. Bidders interested in participating in the auction will need to go through a registration process, along with a $200,000 deposit, which must be completed by noon on March 14th EDT.
Bitcoins will be split and offered in 14 different blocks: two blocks of 500 BTC, 11 blocks of 100 BTC, and one block of approximately 70 BTC. A personal notification will be sent to winning bidders on the same day as the auction.
The US Marshals Service has published on its website a list of the set of cases from which bitcoins have been seized in the form of an official notice. Sean Bridges, one of the record holders, was convicted of stealing $800,000 in bitcoins in 2015.
The US Marshals Service has previously held auctions of bitcoins that were seized in civil and criminal proceedings. The agency sold 3,813 BTC on January 22, 2018, an amount worth over $40 million based on the exchange rate for that particular day.
The previous auction was held in August 2016 where 2700 BTC were sold. The estimated market value at the time was close to $1.6 million.
Coindelite is the most delightful media channel that brings you the latest bitcoin news, cryptocurrency news and ICO press releases. Check updated ICO list, live cryptocurrency price charts, cryptocurrency information and real-time market data. It is the only web platform that includes information on live cryptocurrency price charts, Bitcoin price trends, trade favorability and downside, complete list of ICOs, their scopes and features, rates of various cryptocurrencies according to famous crypto exchange platforms, Real – time Market data, worldwide press releases, news about Bitcoin and other cryptocurrencies, blockchain and ICO events, lists of leading cryptocurrencies and a list of the best ICOs (Initial Coin Offerings), etc.
The best thing about the Coindelite platform is that all the data is updated almost in real time. It helps you with the latest and brand new trends, deals and issues related to the crypto world. Subscribers follow real-time cryptocurrency price charts along with upcoming cryptocurrencies, ICOs (Initial Coin Offerings) and the latest news related to Bitcoin or other altcoins. All the latest market prices, reviews, news about the world of cryptocurrencies are presented in a user-friendly way.