U.S. to hold final auction of bitcoins from Silk Road case

Reuters News
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Posted: Oct 05, 2015 11:56 AM

NEW YORK (Reuters) - The U.S. government on Monday announced that it would hold a final auction of bitcoins seized during the prosecution of the creator of Silk Road, an online black market where illegal drugs and other goods could be purchased with the digital currency.

The U.S. Marshals Service said it would hold an online auction on Nov. 5 for about 44,341 bitcoins.

The auction will be the last of bitcoins the government took into custody while prosecuting Ross Ulbricht, who authorities say ran Silk Road and was sentenced in June to life in prison.

(Reporting by Nate Raymond in New York; Editing by Chizu Nomiyama)