Marshal’s Office Sells 2,170 More Bitcoins

The US Marshal’s Service has sold 2,170 Bitcoins, the first such auction since 2016.

Thu, 22/03/2018 - 23:24

Marshal’s Office Sells 2,170 More Bitcoins

Cover image via U.Today

The US Marshal’s Office reported that it sold 2,170 Bitcoins on March 9. The buyers of these coins are unknown, as are the winning bids. The Marshal’s Service said that they received 39 bids. Their last auction of Bitcoin occurred in 2016, when they sold 2,700 Bitcoins. The Marshal’s Service periodically auctions off Bitcoins that are seized as a result of criminal prosecutions. They are perhaps most famous for auctioning off the 144,000 Bitcoins seized during the shut down of Silk Road. The Marshal’s Service made $48 mln from the sale of those Bitcoins, which would have been worth $1.2 bln today.

About the author

David Dinkins

David Dinkins is a freelance writer who holds a Master of Arts in history from Louisiana Tech University and has extensive teaching experience both at LSU – Shreveport and University of Phoenix. He got involved with cryptocurrency in early 2014 working as part of the Dash Core Team and have served in the role of writer/editor (mostly editor) during that time. He has edited a huge number of documents for the Core Team, including the Evolution whitepaper, the PrivateSend whitepaper, and many of Evan Duffield’s communications with the Dash Community.