US Marshals Service Sells Nearly $25M Worth Of 'Seized' Bitcoin At Auction
Bidders must meet all the registration requirements
The US Marshals Service will be selling almost $25 Million worth of Bitcoin at an auction of 2,170 coins seized from multiple federal criminals, civil, and administrative cases.
Bidders who are interested in participating must meet all the registration requirements by noon EDT March 14 with a massive $200,000 deposit.
The bitcoins will be offered in 14 blocks: two blocks of 500 BTC, 11 blocks of 100 BT and 70 BTC.
Zerohedge reports: Winning bidders will be notified privately the same day as the auction. The range of cases from which the bitcoins were seized is listed in an official notice posted on the US Marshals Service website. Among the cases listed is that of Shaun Bridges, the Secret Service agent who was convicted of stealing $800,000 in bitcoins in 2015.
The US Marshals Service has previously auctioned sums of Bitcoin seized in the course of civil and criminal proceedings. On Jan. 22, 2018, the agency sold 3,813 BTC, a sum that was worth over $40 mln by that day’s exchange prices.
Previous to this year, the last US Marshals auction of seized Bitcoin was in August 2016 where 2,700 BTC were sold off. Estimated market value at the time was nearly $1.6 mln.
As previously reported by Cointelegraph, government auctions of seized crypto assets have been held worldwide; in Ukraine, South Korea, as well as Australia.
Poland's Central Bank, Narodowy Bank Polski, has recently been accused of paying YouTubers to create videos spreading misinformation about Bitcoin and cryptocurrencies reports say.One Youtuber in Poland has received an estimated $30,000 from the Central Bank of Poland which was received in collaboration with the Polish Financial Supervision Authority in order “portray cryptocurrencies in a negative light.”