Bitcoin auction to be held by the US Marshals Service

There is an auction of approximately 2,170 Bitcoins announced by the US Marshals Service, which were seized in various federal, civil and administrative cases, as stated in a March 5 press release.

Auction date is March 19, 2018 from 8:00 AM to 2:00 PM (EDT). Bidders interested in participating in the auction must complete a registration process, along with a deposit of $200,000, by March 14 at noon EDT.

Bitcoins will be distributed and offered in 14 different blocks: two blocks of 500 BTC, 11 blocks of 100 BTC and one block of approximately 70 BTC. Winners will be sent a private notification on the same day of the auction.

The US Marshals Service has published on its website a list of cases in which bitcoins have been seized as an official notification. Shaun Bridges, one of the record holders, was convicted of stealing $800,000 in bitcoins in 2015.

The US Marshals Service has previously held auctions of bitcoins seized in civil and criminal proceedings. The agency sold 3,813 BTC on January 22, 2018, an amount worth more than $40 million based on that day’s exchange rate.

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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