US to auction $1.6 million value of bitcoin from several cases

NEW YORK The U.S. supervision pronounced on Monday it skeleton to auction over 2,700 bitcoin that were dispossessed during several cases, including a charge of a creator of a online black marketplace famous as Silk Road.

The U.S. Marshals Service pronounced that a online auction would be hold on Aug. 22, and that intensity bidders contingency register by Aug. 18. The bitcoin are value about $1.6 million, according to a Bitstamp exchange.

The auction is a latest by a Marshals Service of a digital currency. It finished 4 before auctions from Jun 2014 to Nov 2015 of bitcoin seized during a charge of Ross Ulbricht, who authorities contend ran Silk Road.

His box is one of 9 criminal, polite or executive matters from that a Marshals Service pronounced a 2,719 bitcoins had been dispossessed and are theme to a latest auction.

Ulbricht, 32, was condemned in May 2015 to life in jail after being convicted for orchestrating a intrigue that enabled some-more than $200 million of unknown online drug sales by Silk Road regulating bitcoin. He is appealing.

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