US Marshals will public sale 50,000 Bitcoins seized from Silk Street

US Marshals will auction 50,000 Bitcoins seized from Silk Road

Need a digital piece of regulation enforcement historical past? You are about to get your probability. The US Marshal’s Service is holding an public sale on December 4th that may unload 50,000 Bitcoins from Ross Ulbricht (aka Dread Pirate Roberts), the founding father of the black market web site Silk Street. You will want loads of actual-world money to get your palms on this digital foreign money, although. The feds are promoting the digital foreign money in batches of two,000 to three,000 cash, and you will want to put a minimal $one hundred,000 deposit by December 1st to say certainly one of them. Not precisely an impulse buy, then. At the least this is not the final public sale you will see — police seized a complete of one hundred forty four,000 Bitcoins within the Silk Street bust final yr, and roughly half of them have but to go on sale.

[Image credit: AP Photo/Rick Bowmer]

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