Washington – The U.S. Marshals are auctioning 50,000 bitcoins in connection with a civil forfeiture and criminal action brought against Ross Ulbricht in federal court in the Southern District of New York.
The auction will take place during a 6-hour period on Dec. 4 from 8:00 a.m. until 2:00 p.m. EST. Bids will be accepted by email from pre-registered bidders only.
To register, potential bidders must complete all registration requirements by noon EST Dec. 1. Registration documents that were submitted for the Marshals’ June Bitcoin auction are not valid for this auction. Interested bidders must submit new registration documents to be considered for this auction. The 50,000 bitcoins are offered in 20 blocks: 10 blocks of 2,000 bitcoins and 10 blocks of 3,000 bitcoins. The winning bidder(s) will be notified on Dec. 5.
The United States and Ulbricht agreed to the sale of these bitcoins, which was approved by a court order in U.S. District Court for the Southern District of New York on Jan. 27, 2014.
Further details on the auction are available at www.usmarshals.gov/assets/2014/dpr-bitcoins.
For more information on the case: