U.S. auction of Silk Road bitcoins draws 27 bids

(Reuters) – The U. S. Marshals Service on Thursday received more than two dozen bids for 50,000 bitcoins seized from the alleged owner of Silk Road, an Internet black-market bazaar on which authorities say drugs and other illegal goods could be bought.
Lynzey Donahue, a Marshals Service spokeswoman, said the government had 11 registered bidders and 27 resulting bids. Winning bidders for the bitcoins, valued at $18.6 million, will be notified on Friday.
It was the Marshals Service’s second such auction following one in June for almost 30,000 bitcoins seized during a raid on Silk Road in 2013.

This post was published at Reuters on Dec 4, 2014.

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