The U.S. Marshals Bitcoin Auction


When the infamous darknet marketplace Silk Road was shut down by the F.B.I on October 2013, the U.S. government seized roughly 144,000 bitcoins and the U.S. Marshals’ office announced that they will sell the seized bitcoins in a three-part auction.

The first auction of bitcoins was sold to venture capitalist and entrepreneur Tim Draper usafor exactly 29,656.51306529 bitcoins, worth $19 million USD at the time.

It is always possible to see the transaction on the Blockchain here:


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s