FROM: U.S. MARSHALS SERVICE
U.S. Marshals Office of Public Affairs
U.S. Marshals to Hold Another Bitcoin Auction
Washington – The U.S. Marshals are again auctioning 50,000 bitcoins in connection with a civil forfeiture action against and the criminal conviction of Ross Ulbricht in federal court in the Southern District of New York.
The auction will take place during a 6-hour period on March 5 from 8 a.m. until 2 p.m. EST. Bids will be accepted by email from pre-registered bidders only.
To register, potential bidders must complete all registration requirements by noon EST March 2. Registration documents that were submitted for the Marshals’ previous Bitcoin auctions are not valid for this auction. Interested bidders must submit new registration documents to be considered for this auction. The 50,000 bitcoins are offered in 20 blocks: 10 blocks of 2,000 bitcoins and 10 blocks of 3,000 bitcoins. The winning bidder(s) will be notified on March 6.
The United States and Ulbricht agreed to the sale of these bitcoins, which was approved by a court order in U.S. District Court for the Southern District of New York on Jan. 27, 2014.
Ulbricht, 30, was found guilty Feb. 4 on all seven counts in connection with his operation and ownership of Silk Road, a hidden website designed to enable its users to buy and sell illegal drugs and other unlawful goods and services anonymously and beyond the reach of law enforcement. His sentencing is scheduled for May 15.