22 Feb '15, 1am

Government Set To Auction Another 50,000 Bitcoins Seized from Silk Road Bust

The U.S. Marshals Service is holding its third Dread Pirate Roberts (DPR) bitcoin auction this March 5th , 2015. These bitcoin were seized from Ross Ulbricht, allegedly the Dread Pirate Roberts , in relation to the Silk Road prosecution, an online black market bust primarily related to the sale of illegal drugs. At auction are 50,000 bitcoin separated into two series. The first (series A) will consist of ten blocks of 2,000 bitcoin each, requiring a deposit of $100,000. The second series (B) will consist of ten blocks of 3,000 bitcoin each, requiring a deposit of $150,000. Not all of the coin at auction were necessarily involved in some form of illegal transaction. There were some legitimate merchants who sold perfectly legal goods through the Silk Road platform.

Full article: http://www.thedomains.com/2015/02/21/government-set-to-au...

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