US Marshals to Auction $37M in Confiscated Bitcoin in February
Chiman Singh
Bitcoin
4 years ago
1 QCP
The United States Marshals Service (USMS), a federal law enforcement agency within the U.S. Department of Justice, will auction more than 4,000 confiscated Bitcoins (BTC).
According to the official USMS website, the authority is planning to sell “approximately” 4,040 Bitcoins (4,040.54069820), requiring a $200,000 deposit in order to take part in the auction. The USMS said it will return the deposits to non-winning bidders, promising to initiate the return of losing bid deposits within five business days after transferring bitcoins to the winning bidder.
At press time, the total amount of the auctioned Bitcoin is worth around $37.4 million, according to data from Coin360. The Bitcoin for the bid was seized in various federal criminal, civil and administrative proceedings, the agency noted.
https://cointelegraph.com/news/us-marshals-to-auction-37m-in-confiscated-bitcoin-in-february
According to the official USMS website, the authority is planning to sell “approximately” 4,040 Bitcoins (4,040.54069820), requiring a $200,000 deposit in order to take part in the auction. The USMS said it will return the deposits to non-winning bidders, promising to initiate the return of losing bid deposits within five business days after transferring bitcoins to the winning bidder.
At press time, the total amount of the auctioned Bitcoin is worth around $37.4 million, according to data from Coin360. The Bitcoin for the bid was seized in various federal criminal, civil and administrative proceedings, the agency noted.
https://cointelegraph.com/news/us-marshals-to-auction-37m-in-confiscated-bitcoin-in-february
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