There is an auction of approximately 2,170 Bitcoins announced by the US Marshals Service that were seized in the course of different federal criminal, civil, and administrative cases, according to a March 5 press release.
The date for the auction as reported will be March 19, 2018, from 8 am to 2 pm EDT. Bidders interested in participating in the auction will need to go through a registration process, along with a $200,000 deposit that must be completed by noon EDT on March 14.
The bitcoins will be divided and offered in 14 different blocks: two blocks of 500 BTC, 11 blocks of 100 BTC and a block of approximately 70 BTC. A private notification will be sent to winning bidders on the day of the auction.
The US Marshals Service has posted on its website a list of the variety of cases in which bitcoins are seized in the form of an official notice. Shaun Bridges, one of the record holders, was convicted of stealing $800,000 worth of bitcoins in 2015.
The US Marshals Service has previously held auctions for bitcoins that were seized in the course of civil and criminal proceedings. The agency sold 3,813 BTC on January 22, 2018, a sum of more than $40 million based on the exchange rate on that particular day.
The previous auction was held in August 2016 where 2,700 BTC were sold. The estimated market value at the time was nearly $1.6 million.
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