US Marshals Service To Sell Nearly $25 Million Worth Of Seized Bitcoin At Auction

March 6, 2018 10:09 pm Published by

In a Monday press release, the US Marshals Service announced it will auction approximately 2,170 Bitcoins seized in the course of various federal criminal, civil, and administrative cases, CoinTelegraph reported.

The auction is scheduled to take place on Monday, March 19 from 8 a.m. to 2 p.m. ET, the report said.

A breakdown of the offerings include 14 different blocks including two blocks of 500 BTC, 11 blocks of 100 BTC, and one block of approximately 70 BTC, the report said. Winning bidders will be notified privately the same day as the auction.

The US Marshals Service website has posted a range of cases from which the bitcoins were seized, CoinTelegraph reported, including the Shaun Bridges case, involving the Secret Service agent who was convicted of stealing $800,000 in bitcoins in 2015.

This is not the first time the US Marshals Service has auctioned sums of Bitcoin seized in the course of civil and criminal proceedings, the report said. On Jan. 22, 2018, the agency sold 3,813 BTC, a sum that was worth over $40 million by that day’s exchange prices., Jack Durschlag

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