US To Auction 29,656 Bitcoins Seized From Silk Road

Posted by Soulskill on Friday June 13, 2014 @12:50AM from the enjoy-your-windfall dept.

ClownP writes with news that the U.S. Marshals Service is selling off 29,656.51306529 Bitcoins that were seized when the Silk Road website was shut down. At current exchange rates, they're worth around $17-18 million. The coins will be auctioned off in nine blocks of 3,000 coins, plus one block with the remainder. The USMS said that the first deadline for bidders will be 9am Eastern Time on June 16, 2014. All bidders must complete the government's Bidder Registration Form, which requires that you provide a copy of a government-issued ID as well as a $200,000 deposit sent by wire transfer from an American bank. The government added that the highest bidder will win, and he or she cannot finance its payment in installments — the winner must pay the full amount in cash. The USMS added one final stipulation. "The USMS will not sell to any person who is acting on behalf of or in concert with the Silk Road and/or Ross William Ulbricht, and bidders will be required to so certify," the USMS stated.

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Initial Offer by puddingebola · 2014-06-13 00:53 · Score: 5, Funny

On the first bitcoin, I bid one bitcoin.
1. Re:Initial Offer by hodet · 2014-06-13 00:59 · Score: 3, Funny
  
  I'm out
2. Re:Initial Offer by K.+S.+Kyosuke · 2014-06-13 01:49 · Score: 4, Funny
  
  Which finally explains how to get cash for your bitcoin. Step #1: be a government. :-)
  
  --
  Ezekiel 23:20
3. Re:Initial Offer by hodet · 2014-06-13 03:32 · Score: 4, Funny
  
  maybe he can use his bitcoin to buy you a sense of humor.
Do they accept by ComfortablyAmbiguous · 2014-06-13 00:58 · Score: 2, Funny

Do they accept payment in Bitcoins?