“The Department of Justice is looking to make a considerable windfall from the sale with bitcoin increasing in value recently. The now-defunct cyber-black market was closed down in October of last year. Nine months on the US Marshals service is preparing to auction 30,000 bitcoin of the Silk Road stash. The sale of the bitcoin will take the form of an online auction which will take place on June 27. Participation in the auction will not be cheap, with buyers required to make a refundable deposit of $200,000 to a government bank to take part. The bidding itself will take place over a period of 12 hours where blocks of 3,000 Bitcoin (or about $1.8 million each) will be up for grabs.”
http://rt.com/usa/165692-bitcoin-silk-road-siezed/
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